Electronic Resource
Oxford, UK and Boston, USA
:
Blackwell Publishers Ltd
Corporate governance
10 (2002), S. 0
ISSN:
1467-8683
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Political Science
,
Economics
Notes:
Transaction Byte Analysis (TBA) is introduced as a basis to ground corporate governance in the science of information and control described as cybernetics. TBA provides fundamental criteria for evaluating the governance integrity of any type of organisation because all individuals possess physiological and neurological limits to receive, store, manipulate and transmit information measured in bytes. Cybernetics laws of requisite variety in com"munication channels, decision–making centres and control agents provide strategies for overcoming human variations and their limitations in managing complexity. The paper identifies the cybernetic advantages of compound boards and concludes that a unitary board cannot reliably govern complex firms.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/1467-8683.00291
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