# kaal:claim:2922176-025

**Claim.** Even after recent reforms, the corporate governance framework remains framed in terms of hierarchy, which is why it fits poorly with looser and unmediated stakeholder relationships.

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

**Holds when.**

- applies to the reform wave through 2017

**Source quote.**

> The corporate governance framework is still framed in terms of hierarchy, even after recent reforms.

**From.** Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, *The ‘Unmediated’ and ‘Tech-Driven’ Corporate Governance of Today's Winning Companies* (2017), V. Unmediated & Technology-Based Corporate Governance, page 31

**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.** persistent hierarchy framing  (family: rule-obsolescence-and-ossification)

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

**Keywords.** hierarchy, corporate-governance-reform, decentralization

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/3373393-014

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.