# kaal:claim:kaal-2013-acomparativeperspectiveo-027

**Claim.** Governance adjustments are often enacted merely to address the problem perceived in the given market environment and the then existing economic conditions, without regard to possible future developments.

**Type.** mechanism  **Support.** argued

**Holds when.**

- crisis driven governance reform

**Source quote.**

> Governance adjustments are often enacted merely to address the then perceived problem in the given market environment and in the then existing economic conditions, without regard to possible future developments.

**From.** Kaal, *A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax* (2013), Dynamic Regulation, page 9

**Cite as.** Kaal, A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax (2013)

**Verify.** sha256 of source PDF `ac5c955fe01209c54c78c4575c0b8bf570e5f1259c3f855510697cf51a32e59a` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20A%20Comparative%20Perspective%20on%20the%20Limitations%20of%20the%20Duty%20of%20Oversight%20%E2%80%93%20A%20Comment%20on%20Lisa%20Fairfax.pdf

**Failure mode.** reforms fitted only to the crisis at hand  (family: rule-obsolescence-and-ossification)

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

**Keywords.** top-down-regulation, reform-design, corporate-governance, crisis-response

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