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|Title:||Rethinking agency theory: The view from law||Authors:||Lan, L.L.
|Issue Date:||2010||Citation:||Lan, L.L.,Heracleous, L. (2010). Rethinking agency theory: The view from law. Academy of Management Review 35 (2) : 294-314. ScholarBank@NUS Repository.||Abstract:||We draw from legal theory to offer a fundamental rethinking of agency theory along three key dimensions: redefining the principal from shareholders to the corporation, redefining the status of the board from shareholders' agents to autonomous fiduciaries, and redefining the role of the board from monitors to mediating hierarcha. These dimensions contrast with classic agency theory, offering novel conceptions that can inform further theorization and empirical research in corporate governance. ©Academy of Management Review.||Source Title:||Academy of Management Review||URI:||http://scholarbank.nus.edu.sg/handle/10635/44750||ISSN:||03637425|
|Appears in Collections:||Staff Publications|
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