Publication: Corporate Governance 2.0
Date
2015
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Graduate School of Business Administration, Harvard University
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Citation
Guhan Subramanian, Corporate Governance 2.0, 92 Harv. Bus. Rev. 96 (2015).
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Abstract
The article cites several examples of questionable corporate governance including those involving retailer J. C. Penney, bank J. P. Morgan Chase & Co., and drug company Allergan, and discusses principles the author believes would lead to better governance. He maintains corporate boards should focus on long-term results, and to that end should no longer offer quarterly earnings guidance. He also considers how firms can improve the quality of board directors and provide shareholders with an outlet for expressing their views in an orderly manner.
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