Browse by subject:
Applied and bridge studies study record
Other studiesPrivilege for Counsel, Exposure for Governance
STATUS · Manuscript in progressSSRN · Not yet posted
MECHANISM
Identify the incentive structure and the condition that would falsify the claim.
RULE CHANGE
Read the intervention only after the paper shows how the current payoff space fails to support system welfare.
READER USE
Use the summary to see where private gain creates system exposure, then check the study record.
Contribution — what this adds to the conversation
Provides formal theorems, falsification conditions, and a game-change solution (two-track architecture) grounded in the Nordic model. Contributes to corporate law, governance, and economic theory.
WHAT'S NEW · Original theorem formalizing the unified-record trap and its welfare consequences, with novel application of conflictoring dynamics to corporate governance.
The paper establishes the Privilege Bifurcation Theorem, showing that legal privilege creates a unified-record trap that degrades board oversight. Using case studies (Volkswagen, Wells Fargo, Boeing) and welfare analysis, it estimates annual losses of $1.4–3.0 trillion. The solution is a two-track record architecture, with the Nordic model as proof of concept.