Bel article de M. Barker sur LinkedIn intitulé : « The irrelevance of agency theory during the Covid-19 crisis » (5 avril 2020). Il est effectivement temps de revoir le modèle de l’agence et sa place comme paradigme central de toute réflexion sur la gouvernance d’entreprise : d’autres modèles existent, il est bon de le rappeler !
Extrait :
The implicit mistrust between principals and agents must be replaced by a pooling of resources and know-how, and a more cooperative attitude to other stakeholders such as employees and society as a whole.
Corporate governance scholars have developed a range of alternative theoretical paradigms through which to embody this more team-based approach, including stewardship theory, stakeholder theory and resource dependency theory. These frameworks seem to offer a more relevant perspective on what we should demand from corporate governance during the crisis.
A first is that non-executive directors should see themselves as sharing more of a common agenda with management. They must be prepared to work side by side with them in order to overcome the profound challenges being faced by most organisations at the current time.
Second, investors will have to exhibit greater trust in boards and management. Once they are satisfied that the right leadership is in place, they need to let them get on with it.
Third, it becomes more important than ever for boards to understand and incorporate into decision-making the different perspectives of groups whose motivation and participation is critical to the survival of the organisation. These will include middle managers, employees, customers, suppliers and the wider community.
Finally, we should not view existing shareholder rights as sacrosanct during the crisis. Shareholder rights are not the same thing as human rights, which should never be seen as negotiable. Rather, they are pragmatic arrangements that have been established in order to underpin the prosperity of the economy as a whole.
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Ce contenu a été mis à jour le 30 mars 2022 à 5 h 25 min.
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