Martin: Public Company Boards Disciplining Management Is an Absolute Fantasy
Roger Martin · #97 Roger Martin: Forward Thinking · Nov 24, 2020 · at 44:11
Roger Martin critiques the logic of Jensen's agency theory and standard corporate board governance models in public companies.
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“The idea that, that a board will discipline management is, is just an absolute fantasy. And that's a core kind of element of the logical structure that guides the workings of the capital markets, the equity markets, and the widely held publicly traded companies.”
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