Making sure property rights are clearly defined is another mechanism to help avoid corruption. In this way the Vatican is more similar to China’s state-owned enterprises. When there is no clear “owner” who is responsible for the business, there tends to be a lack of monetary controls. A clear succession plan is also essential. The case of casino mogul Stanley Ho shows why. His family has feuded for years over how his fortune and assets will be divided after his death, and analysts say this has had a negative effect on the stock price of Ho’s company.
Source: Forbes – Forbes – Management.