Siete mitos del gobierno corporativo

These myths include the beliefs that:
1. The structure of the board always tells you something about the quality of the board
2. CEOs in the U.S. are overpaid
3. Pay for performance does not exist in CEO compensation contracts
4. Companies are prepared to replace the CEO if needed
5. Regulation improves corporate governance
6. The voting recommendations of proxy advisory firms are correct
7. Best practices are the solution to bad governance
We examine each of these myths in closer detail and explain why they are false.

Larcker, David F. and Tayan, Brian, Seven Myths of Corporate Governance (June 1, 2011). Rock Center for Corporate Governance at Stanford University Closer Look Series: Topics, Issues and Controversies in Corporate Governance No. CGRP-16. Available at SSRN: http://ssrn.com/abstract=1856869

Es un artículo que publicita el libro sobre Corporate Governance que han escrito sus autores. De los siete mitos, el único preocupante, me parece a mí, si es un mito, es el último. Porque existe una tendencia creciente, en Europa y en los Estados, a “imponer” las best practices via regulación.