6. Establishment of Corporate Governance Over a Nation
The East India Company systematically replaced existing governance systems with its own corporate bureaucracy, introducing Company rules, courts, and taxation with minimal local input. This centralization of power allowed the Company to exercise control over vast territories, effectively governing large parts of India as a corporate entity. This model of corporate governance over a nation set a precedent for future corporate imperialism, highlighting the potential for private entities to wield state-like authority (parliament.uk).
