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The internal autonomy of the firm
Griffith Law Review Pub Date : 2018-01-02 , DOI: 10.1080/10383441.2018.1500077
David Wishart 1 , Ann Wardrop 1 , Marilyn McMahon 2
Affiliation  

ABSTRACT Banks and financial institutions have been excoriated in recent years for having bad firm cultures. However, when faced with the prospect of regulation of the culture of their organisation, banks and financial institutions frequently claim that their internal organisation should be free from outside interference – that they should be autonomous. Government reports echo this claim. This article interrogates it. The article suggests that such claims rest on political liberalism, economic theory or legal impossibility. On examination, none of these bases survives as unassailable although they are conceded to have seized the debate. From this point, the essay moves to consider how the policy debate might be reconceived to make a more sophisticated discussion possible.

中文翻译:

企业内部自治

摘要 近年来,银行和金融机构因企业文化不良而受到谴责。然而,当面临对其组织文化进行监管的前景时,银行和金融机构经常声称其内部组织应该不受外部干扰——他们应该是自治的。政府报告回应了这一说法。这篇文章对其进行了质询。文章认为,此类主张基于政治自由主义、经济理论或法律不可能性。经审查,这些基地中没有一个是无懈可击的,尽管他们承认已经抓住了辩论。从这一点出发,本文开始考虑如何重新构想政策辩论,以使更复杂的讨论成为可能。
更新日期:2018-01-02
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