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Decision systems
Introduction:
This page is the main page for information about
decision systems.
These systems
are of major importance in corporate governance because their design affects the
incentives of managers and thereby
the efficiency of the firm.
They are defined as
the
systems by which corporate decisions are distributed between, e.g., the
general-assemble, the board of directors and the management. It also covers
issues in the corporate charter of relevance for the distribution of control,
such as the existence of staggered boards and stocks with differential voting
rights. Classic references on decision systems are Fama and Jensen [1983a,
1983b].
Content
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