The rise of corporate governance brokers and how they trade in asymmetric information

Rodolfo Apreda

No 341, CEMA Working Papers: Serie Documentos de Trabajo. from Universidad del CEMA

Abstract: This paper sets forth that governance brokerage can be regarded as a natural outgrowth of the actual practice of Corporate Governance. To lay the foundations of our subject, firstly we delve into the dual nature of any transaction. Then we move on to define what the expression “governance broker” means, underlining five professional arrangements from which governance intermediation can be achieved. Next, it is shown how trade splits up economic agents’ information sets, giving rise to the brokerage of asymmetric information. Afterwards, we account for the ways a governance broker meets his goals in dyadic and polyadic relationships, bringing forward distinctive courses of action: clinical assistance, consultancy to foster growth and value, governance engineering, tutoring on global standards of governance, mediation in conflicts of interests, even international intermediation.

Keywords: governance broker; information sets; dyadic and polyadic relationships; brokerage of asymmetric information; corporate governance. (search for similar items in EconPapers)
JEL-codes: G20 G30 G34 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2007-02
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:cem:doctra:341

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