Monday, February 02, 2004


Prompted by Bill's message, I had a quick read of the OECD Principles of Corporate Governance, Draft Revised Text, Jan 2004.

“Shareholders … should be allowed to consult with each other on issues concerning their basic shareholder rights … subject to some possible exceptions regarding inappropriate collusion.”

In other words, collaboration is allowed for some purposes and not for others. In terms of system governance, this is an extremely interesting rule. It calls for discrimination by purpose, which only works if we have some way of objectively determining purpose (other than naively asking people what their purposes are).

Is it possible to produce a formal monitoring system that is sensitive to purpose? Can we automate POSIWID?