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...

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 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...

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...

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....

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...

The research question of this article is how should the International Accounting Standards Board establish standard units of value? Economic value is a social construct that has no use if humans do not exist. The ability for humans to sustain themselves in perpetuity on our planet depends upon...

This chapter considers why Sustainable Value Money (SVM) is needed and how to get it. It is required because no existing official currency has its value defined by any one or more real goods or services. Official money has become a social construct with no direct feedback from nature if human...