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Corporate Governance by the Numbers: It Doesn't Work
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******************************** Corporate Governance by the Numbers: It Doesn't Work http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1041 Formulas used by consultants and ratings services that assign single numbers or grades to a company's corporate governance practices don't work, suggest three Wharton professors in a new paper titled, "Does Corporate Governance Really Matter?" Yes, it matters, the researchers say, but what also counts is how performance is measured. Companies and their situations are too diverse to be shoehorned into simple scorecards. As one professor notes, "The recipe book is big, and there's a different recipe for each company."
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