The Implications of the New Governance for Corporate Governance

摘要: This chapter examines the implications of new governance for corporate governance. The main conclusion this examination is that both and have resulted from broader changes in competitive environment business. features these are shifts hierarchical, vertically-integrated firms dependent primarily on financial capital to loose networks rely heavily human capital, strategies built less market share economies scale those based more innovation quality. These not only driven globalization, which central governance, but also undermined some assumptions support shareholder primacy.