Asymmetry Barriers to Corporate Governance Effectiveness

This study investigates various asymmetries that surround the board of directors, managers and shareholders and inhibit corporate governance effectiveness. It suggests to overcome a fundamental misconception that information asymmetry is the only form of asymmetry affecting corporate governance success. It also suggests that managers should undertake a perceptual view towards governance success through grasping the interrelatedness of various sources and aspects of asymmetry generated by lack of people skills geared by various cognitive, affective, and behavioural biases that affect both managers at all levels of the organization, including the corporate board