New Entry Threats, Corporate Governance, and Innovation in the U.S. IT Industry

Presenting evidence from a 19th century corporation, the Chesapeake and Ohio Canal Company (C&O), the paper shows that issues of corporate governance have existed since the first corporations were established in the U.S. The C&O used a stockholder review committee to review the annual report of the president and directors. The paper shows how the C&O stockholders used this committee to supplement the corporate governance structure. The corporate governance structure of the C&O is also viewed from a theoretical structure as espoused by Hart [1995].

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Corporate Governance of Artificial Intelligence in the Public Interest

Information ◽

10.3390/info12070275 ◽

2021 ◽

Vol 12 (7) ◽

pp. 275

Author(s):

Peter Cihon ◽

Jonas Schuett ◽

Seth D. Baum

Keyword(s):

Artificial Intelligence ◽

Corporate Governance ◽

Law Enforcement ◽

Nonprofit Organizations ◽

Public Interest ◽

Department Of Defense ◽

The Public ◽

Wide Range ◽

The Media ◽

The U.S

Corporations play a major role in artificial intelligence (AI) research, development, and deployment, with profound consequences for society. This paper surveys opportunities to improve how corporations govern their AI activities so as to better advance the public interest. The paper focuses on the roles of and opportunities for a wide range of actors inside the corporation—managers, workers, and investors—and outside the corporation—corporate partners and competitors, industry consortia, nonprofit organizations, the public, the media, and governments. Whereas prior work on multistakeholder AI governance has proposed dedicated institutions to bring together diverse actors and stakeholders, this paper explores the opportunities they have even in the absence of dedicated multistakeholder institutions. The paper illustrates these opportunities with many cases, including the participation of Google in the U.S. Department of Defense Project Maven; the publication of potentially harmful AI research by OpenAI, with input from the Partnership on AI; and the sale of facial recognition technology to law enforcement by corporations including Amazon, IBM, and Microsoft. These and other cases demonstrate the wide range of mechanisms to advance AI corporate governance in the public interest, especially when diverse actors work together.

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Taking Shareholder Protection Seriously? Corporate Governance in the U.S. and Germany

Journal of Applied Corporate Finance ◽

10.1111/j.1745-6622.2005.00060.x ◽

2005 ◽

Vol 17 (4) ◽

pp. 44-63 ◽

Cited By ~ 14

Author(s):

Theodor Baums ◽

Kenneth E. Scott

Keyword(s):

Corporate Governance ◽

Shareholder Protection ◽

The U.S

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Creditor-Focused Corporate Governance: Evidence from Mergers and Acquisitions in Japan

Journal of Financial and Quantitative Analysis ◽

10.1017/s002210901100024x ◽

2011 ◽

Vol 46 (4) ◽

pp. 1051-1072 ◽

Cited By ~ 18

Author(s):

Vikas Mehrotra ◽

Dimitri van Schaik ◽

Jaap Spronk ◽

Onno Steenbeek

Keyword(s):

Corporate Governance ◽

Mergers And Acquisitions ◽

Dominant Role ◽

Sharp Contrast ◽

Distinctive Features ◽

Target Firms ◽

The World ◽

Main Bank ◽

The U.S

AbstractMergers in Japan have the dubious distinction of not creating wealth for shareholders of target firms, in sharp contrast to what occurs in much of the rest of the world. Using a sample of 91 mergers from 1982 through 2003 we document several distinctive features of the merger market in Japan: Mergers tend to be countercyclical and appear to be driven chiefly by creditor concerns. In particular, where the merging firms share a common main bank, we find that merger gains are lower. Overall, our results point to a market that is distinctly less shareholder focused than that in the U.S., and a market where creditors play an important, perhaps dominant, role in corporate governance.

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Business Intelligence in Corporate Governance and Business Processes Management

Diagnostic Test Approaches to Machine Learning and Commonsense Reasoning Systems ◽

10.4018/978-1-4666-1900-5.ch011 ◽

2013 ◽

pp. 249-269

Author(s):

Alexander Yakovlev

Keyword(s):

Corporate Governance ◽

Business Intelligence ◽

Cost Reduction ◽

Business Processes ◽

Transnational Corporations ◽

Accurate Information ◽

Main Field ◽

Maximum Cost ◽

Sarbanes Oxley ◽

The U.S

Today is the time of transnational corporations and large companies. They bring to their shareholders and owners the major profits, and they are the main sponsors of scientific and technological progress. However, the extensive way of its development is not possible for environmental, marketing, resource, and many other reasons. So, the main field of competition between companies becomes a fight for the client, the individualization of approach to him, and the maximum cost reduction. At the same time, a series of scandals that erupted in the early 2000s with such major corporations as Enron Corporation, WorldCom, Tyco International, Adelphia, and Peregrine Systems has shown that the system of corporate governance, on which depends the welfare of hundreds of thousands of people, requires serious improvements in terms of transparency and openness. In this regard, the U.S. adopted the Sarbanes-Oxley Act of 2002, under which management companies legally obliged to prove that his decisions are based on reliable, relevant, credible and accurate information (Devenport & Harris, 2010).

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