Does a Best Model Exist for Corporate Governance?
In their contribution to the forthcoming book Handbook of Strategy and Management, Gerald Davis, professor of organizational behavior and human resource management at the University of Michigan, and Michael Useem, professor of Management and director of the Center for Leadership and Change Management at the Wharton School, observe that a few thousand corporations produce the bulk of the world’s economic output and employ a significant part of the world’s labor force. This then leads them to ask the question, given that large corporations have such a profound impact on the economic well-being of society, is there a best model for corporate governance? If there is such a model, they then ask, can it be easily replicated in other societies and cultures? They note that studies from researchers throughout the world have sought to examine and discern the dynamic relations that characterize corporate governance. Economic and financial decisions are embedded in a matrix that ties company direc
