Democracy and Infomediaries

20 Pages Posted: 26 Aug 2001

Multiple version iconThere are 2 versions of this paper

Date Written: September 16, 2001

Abstract

We can improve our political and economic systems by redesigning our use of informational intermediaries (infomediaries). Examples of infomediaries are political parties, the news media, proxy voting advisory firms, and auditors. An infomediary's source of funding influences the information it produces - "follow the money". Political campaign finance reform is one approach to redesigning our infomediary systems. This paper proposes another approach: starting a few companies with a new corporate bylaw structure designed to enhance management accountability to shareowners. If this system proves effective, it can spread to existing corporations and then to the political arena.

Keywords: proxy voting, monitoring, corporate governance, corporate democracy

JEL Classification: D72, G34, K22

Suggested Citation

Latham, Mark, Democracy and Infomediaries (September 16, 2001). Available at SSRN: https://ssrn.com/abstract=280915 or http://dx.doi.org/10.2139/ssrn.280915

Mark Latham (Contact Author)

Votermedia.org ( email )

Vancouver, British Columbia
Canada
(604) 608-9779 (Phone)

HOME PAGE: http://votermedia.org

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