The authors view board structures as an adaptive institution that responds to the key challenges faced by public companies: helping management solve the problems of production and organization of large‐scale enterprise; limiting managerial agency costs; serving as a delegated monitor of the firm's compliance obligations; and responding to the governance environment of changing shareholder ownership patterns. U.S. company board structures are shown to have evolved over time, often through discontinuous lurches, as particular functions have waxed and waned in importance.

中文翻译：

---

董事会3.0：私募股权治理模型可以为上市公司提供什么*

作者认为，董事会结构是一种适应性机构，可以应对上市公司面临的主要挑战：帮助管理层解决大型企业的生产和组织问题；帮助企业解决大型企业的生产和组织问题。限制管理机构的费用；担任公司合规义务的委托监督者；并应对不断变化的股东所有制的治理环境。事实证明，美国公司的董事会结构随着时间的流逝而发展，通常是通过不连续的门廊来实现的，因为某些特定功能的重要性日趋下降。