Corporate Governance in a Networked Age

Wake Forest Law Review, 2015 Forthcoming

Lex Research Topics in Corporate Law & Economics Working Paper No. 2015-4

Tilburg Law School Research Paper No. 16/2015

25 Pages Posted: 10 Aug 2015 Last revised: 28 Sep 2015

See all articles by Erik P. M. Vermeulen

Erik P. M. Vermeulen

Tilburg University - Department of Business Law; Signify (formerly known as Philips Lighting) - Legal Department; Tilburg Law and Economics Center (TILEC); European Corporate Governance Institute (ECGI); Kyushu University - Graduate School of Law

Date Written: August 9, 2015

Abstract

In a networked and digital age, we need to rethink the structure of the modern corporation. In order to survive and grow, corporations must operate with a new set of assumptions and principles in order to remain relevant, competitive, and successful. Consider the growing number of technology startup companies that are doing something that once seemed unthinkable: challenging and disrupting traditional corporate giants. Even the behemoths that operate in industries that traditionally were not viewed as technology-related industries have not been spared from the impact of new arrivals and the resulting transformation in the business environment. With the rise of digital technologies, every corporation must now become agile, innovative and, more importantly, act as though they are dynamic technology companies. Ignoring the challenge of the networked age and the digital revolution is no longer an option as it will merely accelerate the failure and decline of large corporations. So, how should large, well-established corporations operate in today’s business environment?

Keywords: big data, board of directors, business model, CEO, corporate governance, digital culture, disruptive innovation, entrepreneurship, founders, innovation, investor relations, leadership, mutual trust, networks, principal-agent theory, social media, value creation

JEL Classification: D21, D23, F23, F65, G34, J41, K22, L14, L21, L22, L26, M13, O32

Suggested Citation

Vermeulen, Erik P.M., Corporate Governance in a Networked Age (August 9, 2015). Wake Forest Law Review, 2015 Forthcoming; Lex Research Topics in Corporate Law & Economics Working Paper No. 2015-4; Tilburg Law School Research Paper No. 16/2015. Available at SSRN: https://ssrn.com/abstract=2641441

Erik P.M. Vermeulen (Contact Author)

Tilburg University - Department of Business Law ( email )

Signify (formerly known as Philips Lighting) - Legal Department ( email )

Amstelplein 2
Amsterdam
Netherlands

Tilburg Law and Economics Center (TILEC)

Warandelaan 2
Tilburg, 5000 LE
Netherlands

European Corporate Governance Institute (ECGI) ( email )

c/o ECARES ULB CP 114
B-1050 Brussels
Belgium

Kyushu University - Graduate School of Law ( email )

6-19-1, Hakozaki, Higashiku
Fukuoka, 812-8581
Japan

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