Hub Podcasts Bryce Tingle on how corporate governance is holding back Canadian business
May 13, 2025
Bryce Tingle, a professor at the University of Calgary and author of Hard Lessons in Corporate Governance, dives deep into the complexities of corporate governance in Canada. He discusses the evolution of governance standards since the 1990s and highlights the stark irony of rising CEO pay despite regulation attempts. Tingle also reveals how current governance practices can stifle innovation by discouraging startups from going public. His insights challenge long-held beliefs about management trustworthiness and market efficacy, advocating for a reevaluation of governance approaches.
AI Snips
Chapters
Books
Transcript
Episode notes
Corporate Governance Basics
- Corporate governance sets the rules on how companies organize and relate to shareholders and managers.
- Canadian companies uniformly follow these rules, showing high obedience but limited innovation.
90s Surge in Governance Rules
- Corporate governance rules surged in the 1990s after academic theories from the 70s became widely applied.
- Key reports like the UK's Cadbury Committee and Canada's Day Report shaped governance standards and pay disclosure rules.
Governance Efforts Raised CEO Pay
- Efforts to control CEO pay from 1978 to 2012 backfired as CEOs' pay rose 875%.
- Governance reforms like pay disclosure, consultants, and independent directors increased executive compensation.
