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Corporate governance reform: character-building structures

机译:公司治理改革:角色塑造结构

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摘要

This paper argues that corporate governance reformers in Anglo-American jurisdictions should consider a different approach in their quest for better corporate governance. Traditionally, corporate governance reform has taken a structural approach, tightening the rules around the number of independent directors required on boards and committees and fine-tuning the definition of independence. However, such an approach has failed to achieve effective corporate governance. Moreover, this approach is informed by the arguably discredited assumption that individuals are rational self-interest utility maximizers. This conceptual paper questions why corporate governance scholars and regulators remain uncritical of this assumption and suggests an approach to reform inspired by a different view of human nature. Indeed, incorporating an actor-based approach to reform into existing structures may better achieve effective corporate governance while addressing an unjustified adherence to this flawed assumption.
机译:本文认为,英美司法管辖区的公司治理改革者在寻求更好的公司治理时应考虑采用另一种方法。传统上,公司治理改革采取结构化的方法,收紧董事会和委员会要求的独立董事人数规则,并微调独立性的定义。但是,这种方法未能实现有效的公司治理。而且,这种方法的依据是可辩驳的假设,即个人是理性的自利效用最大化者。该概念文件质疑公司治理学者和监管机构为何对这一假设持批评态度,并提出了一种从人性的不同观点启发下进行改革的方法。实际上,将基于行为者的方法用于现有结构的改革可能会更好地实现有效的公司治理,同时解决对这一错误假设的不合理遵守。

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  • 来源
    《Business Ethics》 |2014年第2期|125-138|共14页
  • 作者

    Patricia Grant; Peter McGhee;

  • 作者单位

    Faculty of Business and Law, AUT University, Auckland, New Zealand;

    Faculty of Business and Law, AUT University, Auckland, New Zealand;

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  • 正文语种 eng
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