kaal:claim:kaal-2014-dynamicregulationviagove-028

If governmental contracts increasingly mandate replacement of boards and senior management, boards will have stronger incentives to make preemptive remedial measures effective.

Should future governmental contracts increasingly mandate re- placement of boards and senior management (38% of governmental contracts from 1993 to 2013 replaced boards and management)86, boards may be fur- ther incentivized to optimize the effectiveness of preemptive remedial measures.

Kaal, Dynamic Regulation via Governmental Contracts (2014), III.1 Preemtive Remedial Measures, p. 22
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Kaal, Dynamic Regulation via Governmental Contracts (2014)

• future governmental contracts continue and expand board and management replacement terms

predictivesupport: arguedcorporate-governancerisk-and-incentives

• extends kaal:claim:2486570-026 High quality and effective preemptive remedial measures are themselves part of good corporate governance and c...
• extends kaal:claim:2486570-025 Because 63.47 percent of the sampled agreements were executed even after the corporation had already institute...

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