Self-Regulation

32 Pages Posted: 12 Dec 2004

See all articles by Shann Turnbull

Shann Turnbull

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

Date Written: July 1997

Abstract

Information technology reveals why self-regulation has not worked in many social institutions and how this can be corrected. Conditions precedent for self-regulation and self-governance are identified as being: a division of power within organisations, stakeholder participation, and requisite variety in their information and control architecture. Case studies provide evidence to support the hypotheses that: (1) the conditions for self-regulation create competitive advantages in firms, and operating advantages for other types of organisations; and (2) self-regulation provides advantages over government or market regulation. Information theory is used to identify the opportunities for partially privatising state regulation to reduce the role of markets and the size, scope, burden and cost of government to improve the quality of democracy.

Keywords: Control, Competitive advantages, Compound board, Corporations, Cybernetics, Firm, Government, Information theory, Institutions, Power, Self-governance, Self-regulation, Separation of powers, Shareholders, Stakeholders

JEL Classification: D21, G28, G38, L22, L51

Suggested Citation

Turnbull, Shann, Self-Regulation (July 1997). Available at SSRN: https://ssrn.com/abstract=630041 or http://dx.doi.org/10.2139/ssrn.630041

Shann Turnbull (Contact Author)

International Institute for Self-Governance ( email )

PO Box 266 Woollahra
Cell: +61418222378
Sydney, New South Wales 1350
Australia
+61293278487 (Phone)
+61280655905 (Fax)

HOME PAGE: http://independent.academia.edu/ShannTurnbull/CurriculumVitae
SKYPE: shann.turnbull

Sustainable Money Working Group ( email )

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Manchester, M60 0AS
United Kingdom

New Garden City Alliance ( email )

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London, UK, hello@gardencities.org.uk SE1 3TA
United Kingdom
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HOME PAGE: http://www.gardencities.org.uk

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