# Governance reform

`kaal:entity:governance-reform`

**Status.** derived

This node is assembled mechanically from the 8 claims that carry the concept tag `governance-reform`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

8 claims across 3 works, 2014 to 2019.

**2014**

- [2486570-030](https://wulfkaal.github.io/claims/2486570-030) [mechanism/argued] -- Governance reform delivered through non and deferred prosecution agreements is comparatively cheap for corporations because it adversely affects only a small number of board and management positions.
  > N/DPA-related governance re- form is relatively "cheap" for corporations because comparatively few board and management positions are adversely affected.
  Wulf A. Kaal, Timothy Lacine, The Effect of Deferred and Non-Prosecution Agreements on Corporate Governance Evidence from 1993-20 (2014). SSRN: https://ssrn.com/abstract=2486570
- [2486570-033](https://wulfkaal.github.io/claims/2486570-033) [predictive/speculative] -- In the long run, increased regulation by prosecution may be able to offset many of the shortcomings of legislative governance reform, even though it is less predictable than legislation.
  > In the long run, however, increased regulation by prosecution may be able to offset many of the shortcomings of leg- islative governance reforms.
  Wulf A. Kaal, Timothy Lacine, The Effect of Deferred and Non-Prosecution Agreements on Corporate Governance Evidence from 1993-20 (2014). SSRN: https://ssrn.com/abstract=2486570
- [2486570-035](https://wulfkaal.github.io/claims/2486570-035) [failure/argued] *(failure mode)* -- If corporate wrongdoing is not in fact caused by deficient corporate governance, then the governance reform imposed through a non or deferred prosecution agreement is merely a method of settlement rather than a lasting reform effort.
  > If corporate wrongdo- ing is not the result of lacking corporate governance, it seems possible that N/DPA related governance reform is just a method of settlement rather than a lasting re- form effort.
  Wulf A. Kaal, Timothy Lacine, The Effect of Deferred and Non-Prosecution Agreements on Corporate Governance Evidence from 1993-20 (2014). SSRN: https://ssrn.com/abstract=2486570
- [2486570-036](https://wulfkaal.github.io/claims/2486570-036) [failure/argued] *(failure mode)* -- The underlying corporate governance problems in United States corporations may be more severe than non and deferred prosecution agreements are capable of adequately addressing.
  > The underlying corporate governance problems in U.S. corporations could be more severe than N/DPAs can adequately address.
  Wulf A. Kaal, Timothy Lacine, The Effect of Deferred and Non-Prosecution Agreements on Corporate Governance Evidence from 1993-20 (2014). SSRN: https://ssrn.com/abstract=2486570

**2016**

- [2715083-021](https://wulfkaal.github.io/claims/2715083-021) [design/argued] -- Despite open issues and possible shortcomings, the multimanager series trust structure appears to offer lasting substantive governance improvements for mutual funds.
  > Despite the open issues and possible shortcomings of the multimanager series trust model, the trust model governance structure for mutual funds appears to offer lasting substantive governance improvements for mutual funds (Krug (2016)).
  Kaal, Confluence of Mutual and Private Funds (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2715083

**2019**

- [3373393-013](https://wulfkaal.github.io/claims/3373393-013) [failure/evidenced] *(failure mode)* -- Shareholder activism reform by itself has been unable to sufficiently improve the corporate governance system.
  > activism reform by itself has been unable to sufficiently improve the corporate governance system.
  Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3373393
- [3373393-014](https://wulfkaal.github.io/claims/3373393-014) [normative/asserted] -- Government-sponsored organizational experimentation that enables new business models and new organizational structures is desirable and may be one of the few ways to facilitate the needed corporate governance reform.
  > organizational experimentation that enables new business models and new organizational structures is desirable and valuable and may be one of the few ways to facilitate the much needed corporate governance reform.
  Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3373393
- [3373393-041](https://wulfkaal.github.io/claims/3373393-041) [condition/argued] -- Because blockchain is a foundational technology, blockchain-based governance solutions for agency problems depend on the creation of infrastructure components that have not yet been conceptualized in the decentralized technology evolution.
  > blockchain- based governance solutions for agency problems in corporate governance depend on the creation of infrastructure components that have not yet been conceptualized in the decentralized technology
  Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3373393

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/governance-reform.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.