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The Science of Corporate Governance

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  • Shann Turnbull

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 com"munication 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

  • Shann Turnbull, 2002. "The Science of Corporate Governance," Corporate Governance: An International Review, Wiley Blackwell, vol. 10(4), pages 261-277, October.
    • Handle: RePEc:bla:corgov:v:10:y:2002:i:4:p:261-277
    DOI: 10.1111/1467-8683.00291
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    Cited by:

    1. Shann Turnbull, 2007. "Analysing Network Governance of Public Assets," Corporate Governance: An International Review, Wiley Blackwell, vol. 15(6), pages 1079-1089, November.
    2. Mingers, John & White, Leroy, 2010. "A review of the recent contribution of systems thinking to operational research and management science," European Journal of Operational Research, Elsevier, vol. 207(3), pages 1147-1161, December.
    3. Shann Turnbull, 2017. "Grounding a Theory of Firms in the Natural Sciences," Humanistic Management Journal, Springer, vol. 1(2), pages 159-186, April.

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