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For the most part of Dutch colonial history, the occupation and exploitation of overseas territories and trading posts was assigned to two private companies - the VOC (largely Asia and Africa) and the WIC (the Americas). Being private means that they raised capital through public subscriptions, and their administration was appointed by the shareholders. As such, the "governors" of the overseas territories were administrators in private employ, often simply called 'directors'. In fact, their role in the colonies usually went well beyond commercial administration: they were the de facto rulers (the mix of political and commercial interests often gave way to abuses and corruption). By the end of the 18th century, the VOC and WIC ceased to exist; at that point, the Dutch government took direct control of these overseas possessions.