The Science of Corporate Governance

17 Pages Posted: 5 Feb 2003

See all articles by Shann Turnbull

Shann Turnbull

International Institute for Self-Governance; Sustainable Money Working Group; New Garden City Alliance

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Abstract

Transaction Byte Analysis (TBA) is introduced as a basis to ground corporate governance in the science of information and control described as cybernetics. TBA provides fundamental criteria for evaluating the governance integrity of any type of organisation because all individuals possess physiological and neurological limits to receive, store, manipulate and transmit information measured in bytes. Cybernetics laws of requisite variety in communication channels, decision-making centres and control agents provide strategies for overcoming human variations and their limitations in managing complexity. The paper identifies the cybernetic advantages of compound boards and concludes that a unitary board cannot reliably govern complex firms.

Suggested Citation

Turnbull, Shann, The Science of Corporate Governance. Corporate Governance: An International Review, Vol. 10, pp. 261-277, 2002. Available at SSRN: https://ssrn.com/abstract=330031

Shann Turnbull (Contact Author)

International Institute for Self-Governance ( email )

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