This chapter identifies the limitations of what may commonly be accepted as “Best Practices” in Corporate Governance. Directors commonly obtain funds from venture capitalists and bankers by transferring to them some or all of their absolute powers that can corrupt themselves and their...

Banks failed in 2008 because individuals with knowledge of risks were not connected to individuals who had the incentive and power to take corrective action. Evidence of this problem is provided by reports from the Lehman liquidator and The US Government Financial Crisis Inquiry Commission....

The US Financial Crisis Inquiry Commission Report stated: “dramatic failures of corporate governance and risk management at many systemically important financial institutions were a key cause of this crisis.” The Lehman Brothers liquidator's report and other sources explain the systemic...

The purpose of this paper is to identify how Non-Profit and government controlled Organizations (NPO’s) can improve and legitimize their operations while avoiding the conflicts of interest and unethical practices adopted by investor owned firms. The conflicts in investor firms arise from...

This Chapter shows how the natural "science of control and communications in the animal and the machine" identified by Wiener in 1948 can be applied to social organizations to establish a science of governance. The science of governance provides a sustainable future for corporate governance...

Perpetual property rights to land, structures, corporations and money allows investors to be overpaid to create inefficiencies and inequities in a way not measured by accountants and little noticed by economists. All intellectual property rights have limited life. Most assets depreciate over...

While the visible structures of cities may be designed, the invisible structures of how land, buildings, enterprises and money are owned and controlled are accepted as a given. This paper argues that to sustain humanity on the planet, the invisible structures of society need to follow the...

Research Question/Issue: The objectives of this paper are to: (a) Identify criteria for custom designing the governance architecture of organisations to enhance their operations and sustainability; (b) Encourage practitioners and policy makers to: (i) custom design governance systems; (ii) apply...

This paper provides a framework for evaluating the strengths and weaknesses of public assets owned by: (i) The State, (ii) A State owned corporatized body, (iii) Private investors or (iv) By a network of constituents. A basis is presented for analysing these four governance architectures based...

This paper reviews the efficacy of the Australian government's 2018 initiatives to counter widespread misconduct identified by its Royal Commission into misconduct in the banking, superannuation, insurance, and financial services industry. As regulators exist to protect stakeholders, there is a...