# kaal:claim:2922176-010

**Claim.** Much corporate governance reform consists of repackaging old content under new or revised labels rather than introducing new governance.

**Type.** failure  **Support.** argued

**Holds when.**

- illustrated by the 2016 Commonsense Principles of Corporate Governance

**Source quote.**

> Corporate governance reform often takes place by repackaging old content with new or revised labels.

**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, page 18

**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

**Verify.** sha256 of source PDF `fa4e986917d437cb1504281e7b986be2698e9507d8feaf426c9d7d1754ca882c` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Fenwick%20et%20al.%20-%202017%20-%20The%20%E2%80%98Unmediated%E2%80%99%20and%20%E2%80%98Tech-Driven%E2%80%99%20Corporate%20Governance%20of%20Today%27s%20Winning%20Companies.pdf

**Failure mode.** reform as relabeling  (family: board-and-oversight-failure)

**Topics.** governance-design, corporate-governance, institutional-design

**Keywords.** corporate-governance-reform, relabeling, commonsense-principles

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