Balancing governance and culture to create sustainable firm value (Jillian Popadak, Brookings)

The revelation of widespread failings among corporate leaders over the past decade has emboldened shareholders to take actions to strengthen their rights within corporate firms. These actions, commonly referred to as shareholder governance, seek to change the explicit rules through which a firm operates to make it harder for corporate leaders to take actions that better themselves at the expense of their shareholders.

http://www.brookings.edu/research/papers/2016/04/13-sustainable-firm-value-popadak