Top-down corporate governance reform measures rarely, if ever, produce genuine change in the governance or culture of firms, and are commonly met with indifference, skepticism, or hostility from management.
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In practice, top- down corporate governance reform measures rarely, if ever, result in a genuine change in the governance and culture of firms.
From
Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, The ‘Unmediated’ and ‘Tech-Driven’ Corporate Governance of Today's Winning Companies (2017), IV. Limits of Corporate Governance Reform, p. 18 https://ssrn.com/abstract=2922176 · source PDF
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Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, The ‘Unmediated’ and ‘Tech-Driven’ Corporate Governance of Today's Winning Companies (2017). SSRN: https://ssrn.com/abstract=2922176
extendskaal:claim:2486570-036 The underlying corporate governance problems in United States corporations may be more severe than non and def...
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