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The Jacoby Consulting Group Blog

Welcome to the Jacoby Consulting Group blog.
You will immediately notice that this blog covers a wide range of themes - in fact, whatever takes my fancy or whatever I feel strongly about that is current or topical. Although themes may relate to business, corporate or organisational issues (i.e. the core talents of JCG), they also cover issues on which JCG also feels warranted to comment, such as social issues, my books, other peoples' books and so on. You need to know that comments are moderated - not to stifle disagreement - but rather to eliminate obnoxious or incendiary comments. If a reader wishes to pursue any specific theme in more detail, specifically in relation to corporate, business or organisational issues, or in relation to my books, then the reader is invited to send an off-line email with a request. A prompt response is promised. I hope you enjoy this blog - sometimes informed, sometimes amused and sometimes empassioned. Welcome and enjoy.
JJJ

10 June 2011


Future of corporate governance

I think the future of corporate governance lies in the following areas:

1. Acceptance of directors and managers as agents of the owners of corporations - and not as proxy-owners.

2. Acceptance that the purpose of the corporation is to serve its owners.

3. Establishment of two-way communication with shareholders, not merely one-way as at present.

4. Directors becoming more accountible to shareholders for the corporation's ability to satisfy the owners' objectives. Cessation of "blaming the managers" culture of the board.

5. Greater transparency of the corporation's objectives and of operational decisions to achieve those objectives.

6. Due to the increasing crescendo of shareholder activism, a greater focus on shareholders: particularly on establishing shareholder metrics and therefore, on fulfilling them.

posted by jcg at 06:57

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