Democracy and Infomediaries
通过重新设计信息中介(如政党、媒体、代理投票顾问和审计师)的运作方式,可以改善政治和经济体系。本文提出一种新方法:创建采用新公司章程结构的公司,让股东每年投票雇佣信息中介来提供代理投票建议,以增强管理层对股东的问责。
We can improve our political and economic systems by redesigning our use of informational intermediaries (infomediaries). Examples of infomediaries are political parties, the news media, proxy voting advisory firms and auditors. An infomediary's source of funding influences the information it produces –“follow the money”. Political campaign finance reform is one approach to redesigning our infomediary systems. This paper proposes another approach: starting a few companies with a new corporate bylaw structure designed to enhance management accountability to shareowners. Shareowners would vote annually to hire an infomediary (paid with corporate funds) to advise them on proxy voting. If this system proves effective, it can spread to existing corporations and then to the political arena.