Management and Corporate Governance

Georgios I. Zekos
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Georgios I. Zekos: International Hellenic University

Chapter Chapter 3 in Economics and Law of Artificial Intelligence, 2021, pp 67-116 from Springer

Abstract: Abstract Corporate governance refers to the relationships among the different internal and external stakeholders implicated with the governance processes planned to assist a corporation in order to accomplish its objectives. DLT adoption by market participants will involve which means that there is a likelihood that new kinds of corporation stakeholders will appear such as the token holders. Hence, these new players will lead to alterations in the securities’ issuance and trading, in the shareholder’s involvement, but also to a reinforcement of the rights awarded to the different corporation stakeholders and so a new role will be recognized to corporate stakeholders. Public blockchain systems are “trust-minimized,” but “trust-shifting”—which indicates the need to trust in others than the officers and directors of a bona fide corporation and so in these systems that operate money, smart contracts, and possibly many other critical human practices which means that people continue to lead and make vital decisions on behalf of others.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-64254-9_3

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DOI: 10.1007/978-3-030-64254-9_3

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