Corporate Governance: What can we Learn from Public Governance?
认为公司治理可从公共治理中借鉴经验,围绕高管薪酬、权力划分、继任规则和核心领域制度化竞争四个具体领域提出改进建议,适合关注公司治理改革的研究者和实践者。
In view of recent corporate scandals, we argue that corporate governance can learn from public governance. Institutions devised to control and discipline the behavior of executives in the political sphere can give new insights into how to improve the governance of firms. We discuss proposals in four specific areas: manager compensation, the division of power within firms, rules of succession in top positions, and institutionalized competition in core areas of the corporation.