Edging toward ‘reasonably’ good corporate governance.

Nordberg, D., 2017. Edging toward ‘reasonably’ good corporate governance. In: Philosophy of Management, 13-17 July 2017, St. Louis, MO, USA.

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Abstract

Over four decades, research and policy have created layers of understandings in the quest for “good” corporate governance. The corporate excesses of the 1970s sparked a search for market mechanisms and disclosure to empower shareholders. The UK-focused problems of the 1990s prompted board-centric, structural approaches, while the fall of Enron and many other companies in the early 2000s heightened emphasis on director independence and professionalism. With the financial crisis of 2007-09, however, came a turn in some policy approaches and in academic literature seeking a different way forward. This paper explores those four phases and the discourse each develops and then links each to assumptions about accountability and cognition. After the financial crisis came pointers n policy and practice away from narrow, rationalist prescriptions and toward what the philosopher Stephen Toulmin calls “reasonableness”. Acknowledging that heightens awareness of complexity and interdependence in corporate governance practice. The paper then articulates a research agenda concerning what “reasonable” corporate governance might entail.

Item Type:Conference or Workshop Item (Paper)
Group:Faculty of Management
ID Code:29141
Deposited By: Unnamed user with email symplectic@symplectic
Deposited On:08 May 2017 13:58
Last Modified:19 Jul 2017 11:53

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