This article focuses on corporate governance issues as they relate to the new technological developments and the issue of leapfrogging. I examine various theories about the new technologies and the changes in corporate governance that they may necessitate. I then assess and critique these theories in light of historical and other data. I suggest that our very concept of the corporation will be transformed by the Information Age. I also offer my own view as to the optimal forms of corporate governance that can equip American corporations with sufficient tools to win the accelerating competition anticipated for the next century. In presenting this solution, I also recognize the important role of human capital in the Information Age, and argue that this role will ultimately change the conceptual framework underlying our present system of corporate governance.
Azizah Y. al-Hibri, The American Corporation in the Twenty-First Century: Future Forms of Structure and Governance, 31 U. Rich. L. Rev. 1399 (December, 1997).