Governing CEOs Amid Disruption
商品編號：W49109
出版日期：2026/01/23
再版日期：
商品來源：
商品主題：Organizational Behaviour/Leadership; Economics & Public Policy
商品類型：Article
涵蓋議題：Governing executive power, Conventional agency theory, CEO discretion, Managerial rent model
難易度： -
內容長度：13 頁
地域：
產業：
事件年度：
Conventional agency theory?perceives executive power as inherently problematic. In contract, this article presents the managerial rent model—a framework positing that power becomes problematic solely when exercised without commensurate ability. By analyzing divergent situations, the author demonstrates how comparable degrees of executive autonomy yield markedly different outcomes, contingent upon leaders’ competencies and governance frameworks. This paper delineates three strategic governance actions that boards may adopt: evaluating CEO competence beyond traditional metrics, adjusting governance rigor to align with strategic context, and establishing accountability through systematic compensation structures. These strategies enable boards to harness the transformative power of executive authority while mitigating its associated risks. Using case studies, empirical evidence, and practical frameworks, the complex relationship between power, ability, and business performance is examined to provide insights for directors, executives, and investors. The analysis suggests that, in the current disruptive corporate landscape, the problem lies not in limiting leadership but in facilitating it through advanced governance that distinguishes between constructive and extractive applications of executive authority.
教學手冊：
補充材料：