Intelligent Cars Inc. - Governance Principles to Build a Disruptive Company

Lex Research Topics in Corporate Law & Economics Working Paper No. 2016-6

TILEC Discussion Paper No. 2016-025

41 Pages Posted: 16 Aug 2016 Last revised: 13 Oct 2016

See all articles by Mark Fenwick

Mark Fenwick

Kyushu University - Graduate School of Law

Masato Hisatake

Research Institute of Economy, Trade and Industry

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 14, 2016

Abstract

When we talk about the “governance” of business organizations, we usually refer to responsibility and regulatory compliance, and answering the question: “how should an organization be directed, monitored, and held more accountable?” In this paper, we take recent developments in the car industry – specifically the emergence of “intelligent cars” – to suggest that the contemporary concept and discourse of governance is increasingly disconnected from the needs and realities of growth companies today. In an age of hyper-competitive global markets, firms must focus on the pressing business tasks of putting in place governance structures and management processes that facilitate value creation through continued and sustained (disruptive) innovation. The current disruption of the car industry shows that identifying the processes and practices that deliver the best opportunities for innovation needs to take center stage and that a re-framing of contemporary debates on governance is urgently required.

Keywords: Automotive, Connectivity, Corporate Culture, Corporate Governance, Corporate Venturing, Innovation, Investors, Labor Markets, Networks, Open Innovation, Restructuring, Theory of the Firm

JEL Classification: D2, D23, G34, J21, J41, K22, L21, L24, L25, L62, L91, O14, O31

Suggested Citation

Fenwick, Mark and Hisatake, Masato and Vermeulen, Erik P.M., Intelligent Cars Inc. - Governance Principles to Build a Disruptive Company (August 14, 2016). Lex Research Topics in Corporate Law & Economics Working Paper No. 2016-6, TILEC Discussion Paper No. 2016-025, Available at SSRN: https://ssrn.com/abstract=2823006 or http://dx.doi.org/10.2139/ssrn.2823006

Mark Fenwick

Kyushu University - Graduate School of Law ( email )

744 Motooka, Nishi-ku,
Fukuoka, Fukuoka 819-0395
Japan

Masato Hisatake

Research Institute of Economy, Trade and Industry ( email )

1-3-1 Kasumigaseki
Chiyoda-ku
Tokyo 100-8901
United States

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 the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

Kyushu University - Graduate School of Law ( email )

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

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