kaal:claim:2922176-009

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.

Source quote, verbatim

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

Cite as

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

Holds when

listed companies and their governance experts

Classification

failuresupport: arguedfailure: top-down reform inertiafamily: oracle-and-input-corruptiongovernance-designcorporate-governancecompliance

Related claims

extends kaal:claim:2486570-036 The underlying corporate governance problems in United States corporations may be more severe than non and def...

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