Author(s) :

Shann Turnbull.

Volume/Issue :

Abstract :

Laureate Ostrom (1990) identified how pre-modern societies avoided “tragedies of the commons” from self-interests by forming “polycentric republics” to promote common interests. Business examples are identified with author created civic and sporting examples. A defining feature of selfgoverning polycentric republics is a duality of competing contrary and/or complementary characteristics introducing Tensegrity. This Yin ~ Yang feature is inherent in ecological governance found in nature. Tensegrity is described by biologists as the “architecture of life” and a quantum physicist as the architecture of the universe. Command and control hierarchies that dominate modern society and governance research inhibit the DNA programmed human complementary ~ contrary behavior. Radical governance reform is required to use and amplify human behavioral Tensegrity to reliably govern complexity with ecological governance. “A new model of corporate governance” is created providing benefits to all stakeholders as wanted by US CEOs. This would promote global common goods including countering climate change

No. of Downloads :

20

KEYWORDS:

Climate change, Ecological governance, Polycentric republic, Self-governance, Tensegrity

INTRODUCTION & OBJECTIVES:

I was quite surprised to hear in Professor Sharma introduction just now, how many Indian company directors have been put in Jail. I cannot recall any director of note who is in jail in Australia at the moment. This may be because even our regulators and ethics advisers cannot always tell right from wrong. I suggest in my presentation that the reason for this is that our culture has been poisoned by blindly adopting English governance codes and practices (Turnbull 2004, 2008a, 2014c, 2016a, c, 2017c, 2018b). Relevant to the need for radical reform is that fact that we both reside in former English colonies. Corporations evolved as a technique for English Sovereigns to privatize the cost of colonization and empire building (Turnbull 1973c). Unlike India or Australia, the US de-colonized with their war of independence. To avoid re-colonization in the 18th and 19th centuries, US State governments limited the right to incorporate only to local citizens, and only for a limited time of twenty year or less (Grossman & Adams 1993, p. 6). In addition, corporate charters could be cancelled if a corporation created harms (Grossman & Adams 1993, p. 1). This is an excellent starting point to consider radical reform! But I will not be so radical! However, I would like to point out that all intellectual property rights are time limited. Corporations are an exception. This exception was not created for commercial reasons. It was for political purposes (Turnbull 1973c, 1990, 1991a, b, 1992b, 1993a, b, 1998, 2000b, 2014a).

DOI:

https://doi.org/10.58426/cgi.v2.i2.2020.4-30