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You're making the expertise argument against democracy. It's not a good one.

Anyway, boards can get the information they need (that currently they don't want), and can be expert enough to know when things are going horribly wrong. And, even if they cannot become experts (no one should expect democratic representatives to be experts on everything they make decisions on), boards can incentivize upper management in a socially beneficial direction and/or hire outside experts who can regulate upper management in that direction.

fairleft

by fairleft (fairleftatyahoodotcom) on Tue May 25th, 2010 at 12:08:05 PM EST
[ Parent ]
I'm not arguing against democracy. In point of fact, I am on record arguing for a half-and-half distribution between shareholder representatives and employee representatives in corporate boards. (Having representatives of various government levels directly on the board is a cute idea, but the revolving door is revolving quite fast enough for my taste already...)

I'm just pointing out that it is not sufficient, not arguing that it is not a good idea.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue May 25th, 2010 at 01:27:27 PM EST
[ Parent ]
Good. I see we really don't disagree, and I probably should've seen that sooner.

I'm not as confident as you about what would result from various corporate board reforms/revolutions, and think it's best to say "we don't know" the effects would be of reforming corporate boards in various ways.

My thinking, any of this sort of thinking really, assumes an environment where corporations and the wealthy would not be allowed to corrupt democracy with money and similar things. In that non-corrupted dream context, the people we elect to handle overall community interests are ideal people to have as insiders voting those interests on corporate boards. We might even want to give them the majority of 'votes'. But everything decided preliminarily has to be tentative, and communities and nations should be expected to learn from experience and keep modifying until they get things still imperfect but as good as probably possible and way the hell better than the current anti-social madness.

fairleft

by fairleft (fairleftatyahoodotcom) on Tue May 25th, 2010 at 02:42:51 PM EST
[ Parent ]

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