kaal:position:2026-07-31-7923
Breaches in the Boardroom: Organizational Identity and Conflicts of Commitment in a Nonprofit Organization states the retrieved proposition: Agency theory, the dominant approach to research on corporate governance, holds that the separation of ownership from management constitutes an efficient division of labor. Kaal's protected corpus separately states: Agency theory and the existing legal framework have failed to resolve the core agency conflict arising from the separation of ownership and control, so peaceable and productive coordination of human behavior remains wanting. The defensible response is a qualification limited to the shared issue identified in the review rationale. This abstract-level comparison does not establish broader agreement, causation, empirical support, or equivalence.
governance-designcorporate-governancehistorical-responsescholarly-literaturecrossref