Shann Turnbull - Academia.edu (original) (raw)

Papers by Shann Turnbull

WORLD SCIENTIFIC eBooks, Jun 1, 2019

International finance review, Nov 26, 2008

This chapter describes how governments and regulators could introduce selective de-regulation bas... more This chapter describes how governments and regulators could introduce selective de-regulation based on exempting corporations from existing practices when they amend their constitutions to provide superior outcomes for investors and other stakeholders. An example is ...

Proceedings - Academy of Management, Aug 1, 2023

Social Science Research Network, 2022

Social Science Research Network, 2021

The article explains the crucial role of the dual paradoxical contrary ~ complementary properties... more The article explains the crucial role of the dual paradoxical contrary ~ complementary properties of tensegrity. It is a neglected phenomenon in understanding how living things and their social organisations become self-regulating, self-managing and self-governing. Tensegrity is identified as a defining feature of the architecture of nature that drives evolution. Corporations that include tensegrity into the polycentric self-governing processes identified by Ostrom create an ecological form of governance for citizens to self-govern sustainability of their host bioregions for the global common good. This requires system scientists working with social scientists in educating students to become governance architects to custom design ecological corporations. Research opportunities are identified in testing six hypotheses that include fundamental aspects of the universe.

Company Director, Oct 1, 1999

27th Annual Meeting, Jul 2, 2015

Athens journal of social sciences, Jun 30, 2016

Social Science Research Network, 2015

The paper identifies how a usage fee parallel digital currency is more attractive than Bitcoins, ... more The paper identifies how a usage fee parallel digital currency is more attractive than Bitcoins, either to provide liquidity in a crisis or for stimulating businesses on a sustainable basis. User fee "Stamp Scrip" successfully stimulated businesses and distressed communities during the Great Depression in Europe and the US. Unlike Bitcoins, user fee money can be gifted and redeemed at a profit by the issuer from the fees collected. Bitcoins have to be purchased at market value or mined with substantial transaction costs from computer usage and the energy they consume. Governments could issue parallel profit making money as proposed by the 1933 Bankhead-Pettengill Bill introduced into the US Congress to issue one trillion dollars of self-liquidating Stamp Scrip. This type of Quantitative Easing allows governments to directly fund the digital purses of welfare recipients, businesses, and infrastructure construction to maintain and create jobs while reducing expenditures and debt without increasing taxes. Usage fee money has been tethered to Euros in Germany and exists in competition with them. However, Euros like all other fiat money and bitcoins are not fit for purpose as a medium of exchange to sustain humanity on the planet. A hypothetical terminating but sustainable value tethered and tagged currency is described with its institutional arrangements as a reference standard for governments to: (a) regulate new types of digital money that are arising and (b) obtain support from international financial institutions to introduce as a parallel currency to sustain their economies and the global financial system.

Social Science Research Network, Nov 22, 2007

Human systems management, May 27, 2015

Human systems management, Sep 1, 1993

This paper analyses the inherent operational defects of centrally controlled hierarchies which ar... more This paper analyses the inherent operational defects of centrally controlled hierarchies which are common to both the public and private sectors in Anglo-Saxon corporate architecture and suggests how these defects may be ameliorated. The defects arise from the use of unitary boards which introduce conflicts of interest for directors and reduces both their ability and incentive to improve operational performance. The use of supervisory boards and stakeholder councils to decentralise control, provides a basis for improving the operational performance of directors and their organisation. Also, stakeholder participation provides a way to convert ‘open’ hierarchies into several decentralised ‘closed loop’ information and control systems to improve operating performance. Practical examples are found in Japanese keiretsu firms, the employee/consumer co-operatives found around the town of Mondragón in Spain and in the governance of the Australian Aboriginal and Torres Strait Islander Commission. This paper considers the opportunities for public and private sector organisations using Anglo-Saxon corporate architecture to improve their performance, social accountability and competitiveness by introducing stakeholder governance.

Palgrave Macmillan eBooks, Jan 9, 2015

Social Science Research Network, 2020

The purpose of this paper is to apply existing knowledge to counter climate change. The contribut... more The purpose of this paper is to apply existing knowledge to counter climate change. The contribution to knowledge is to ground institutional analysis, individual behaviour, political science, economics, management and the management of global sustainability in the practices and science of governance found in nature. This is achieved by using bytes as the unit of analysis to explain how nature governs complexity on a more reliable and comprehensive basis than achieved by humans. Tax incentives could encourage organisations to adopt elements of ecological governance found in nature and in social organisations identified by Ostrom and the author. Ecological governance can provide benefits for all stakeholders as desired by CEO’s of the US Business Round Table. Corporations then become a common good to allow them to promote global common goods like countering climate change, pollution and inequalities in power, wealth and income. Democracy is enriched bottom-up.

Social Science Research Network, 2018

Elsevier eBooks, 2008

Publisher Summary This chapter explains how the generation of renewable energy, the creation of s... more Publisher Summary This chapter explains how the generation of renewable energy, the creation of sustainable communities, and making capitalism sustainable can be designed to become self-reinforcing. This state of affairs can be achieved by economic activities being financed by a local currency whose value is defined in terms of kilowatt-hours generated from sustainable sources to create “energy” dollars. To avoid an energy rich community being dependent on external finance or a financially self-sufficient community importing energy, the two resources need to be integrated to create sustainable communities. An important reason for linking the two is that renewable energy sources become more economically attractive than nonrenewable energy when a custom designed local currency is introduced that eliminates the cost of interest. The adoption of ecological forms of property rights create a way of transferring economic value without money to introduce an additional way for allocating resources to create self-sustaining, self-financing, and self-governing urban precincts. It also elaborates how ecological ownership can be introduced to urban communities to stop economic value draining away. The importance of having an ecological local currency connected to environmental conditions can be profound. The nature of a currency determines how resources are priced and markets allocate resources according to prices. An autonomous monetary system in an urban precinct requires four elements: savings institutions, money multiplying institutions, risk management institutions for loss of value or liquidity, and moneychangers.

Social Science Research Network, 1998

Blackwell Publishing Ltd eBooks, Aug 24, 2009

Directors of corporations governed by a single board: (i) Have excessive and unethical powers to ... more Directors of corporations governed by a single board: (i) Have excessive and unethical powers to become Sources of risk; and (ii) Lack processes to systematically obtain information independently of management on the Strengths, Weaknesses, Opportunities and Threats (SWOT) of ...

Social Science Research Network, 2017

This chapter considers why Sustainable Value Money (SVM) is needed and how to get it. It is requi... more This chapter considers why Sustainable Value Money (SVM) is needed and how to get it. It is required because no existing official currency has its value defined by any one or more real goods or services. Official money has become a social construct with no direct feedback from nature if human existence and their natural environment are sustainable. Twenty-four other reasons are identified why official currencies are not fit for purpose. All 25 deficiencies are compared with SVM tethered to an index based on the efficiency and dependency of each region of the planet being serviced by Kilowatt-hours (Kwhrs) of electricity generated from benign source of renewable energy. Sustainable Energy Dollars (SEDs=$Z) would create a global unit of account, with its value determined in each currency region by the ability of the host environment to support humanity in perpetuity. Electricity is the most crucial resource for maintaining the necessities of life. The value of the index and so money would be highest in regions best capable of eternally servicing humanity. Market forces would arise to encourage humanity to become allocated sustainably while also reducing the incentive to burn carbon to reduce the need for carbon taxing or trading.

Social Science Research Network, 2003

This paper identifies some policy options for encouraging widely dispersed shareholders and/or th... more This paper identifies some policy options for encouraging widely dispersed shareholders and/or their fiduciary agents to become more effective in controlling corporations. Even though institutional shareholders have a fiduciary responsibility to exercise their ownership rights to discipline corporations, many are reluctant to do so for various reasons. The paper puts forward three ways to invigorate the voice of all shareholders to control corporations that could be introduced by regulation rather than by legislation. Complementary approaches are proposed based on tax incentives for corporations to distribute some or all of their operating cash flows to make them dependent upon shareholder re-investment to sustain and develop their operations. This would force shareholders to continuously re-assess if they would vote with their chequebooks to support their portfolio companies with new share issues when many new alternative investment opportunities would be created. Two of the cash dependency approaches depend upon adopting a more neutral tax system while the third is based on tax concessions for corporations that meet conditions that introduce compelling benefits of increasing economic efficiency and equity while enriching democracy.