Wharton C R, Lorsch J W, Hanson L
Harv Bus Rev. 1991 Nov-Dec;69(6):136-43.
The July-August 1991 HBR presented "A New Compact for Owners and Directors," a set of principles for reconciling differences between owners and managers. In "Advice and Dissent: Rating the Corporate Governance Compact," a panel of three experts evaluates the Compact--and takes issue with its fundamental recommendation. Clifton R. Wharton, Jr., chairman and CEO of TIAA-CREF, describes how his organization brings delinquent managers and directors to task. Harvard Business School professor Jay W. Lorsch explains why strengthening the role of outside directors will develop more effective corporate control. And Lord Hanson, chairman of Hanson PLC, reaffirms the importance of maintaining a unitary board of directors and maximizing shareholder value.
1991年7-8月的《哈佛商业评论》发表了《所有者与董事的新契约》，这是一套调和所有者与管理者之间分歧的原则。在《建议与异议：评估公司治理契约》中，一个由三位专家组成的小组对该契约进行了评估，并对其基本建议提出了异议。教师保险与年金协会-大学退休股票基金（TIAA-CREF）董事长兼首席执行官小克利夫顿·R·沃顿描述了他的组织如何让失职的经理和董事承担责任。哈佛商学院教授杰伊·W·洛尔施解释了为何加强外部董事的作用会形成更有效的公司控制。而汉森集团（Hanson PLC）董事长汉森勋爵重申了维持单一董事会及实现股东价值最大化的重要性。
