The Science of Corporate Governance
本文引入交易字节分析（TBA），基于信息与控制科学（控制论）为公司治理提供基础，通过控制论的必要多样性定律，分析复合董事会的优势，指出单一董事会无法可靠治理复杂企业。
Transaction Byte Analysis (TBA) is introduced as a basis to ground corporate governance in the science of information and control described as cybernetics. TBA provides fundamental criteria for evaluating the governance integrity of any type of organisation because all individuals possess physiological and neurological limits to receive, store, manipulate and transmit information measured in bytes. Cybernetics laws of requisite variety in com"munication channels, decision–making centres and control agents provide strategies for overcoming human variations and their limitations in managing complexity. The paper identifies the cybernetic advantages of compound boards and concludes that a unitary board cannot reliably govern complex firms.