The Solution: A Better Scorecard and What the Scorecard Should Contain
Author(s)
Estes, Ralph
Abstract
Corporate abuses produce pressure for government regulation, but this alone cannot be the solution. Comprehensive regulation would cost too much, inordinately expand the federal bureaucracy, and restrict corporate flexibility and responsiveness. “In contrast, the approach proposed here would be simple, nonintrusive, and in comparison to the benefits to be gained, inexpensive indeed. It is directly modeled after the prescriptions adopted in the United States in the 1930s to curb abuses in the securities markets.”
