The rise of corporate governance brokers and how they trade in asymmetric information

This paper sets forth that governance brokerage can be regarded as a natural outgrowth of the actual practice of Corporate Governance. To lay the foundations of our subject, firstly we delve into the dual nature of any transaction. Then we move on to define what the expression “governance broker” means, underlining five professional arrangements from which governance intermediation can be achieved. Next, it is shown how trade splits up economic agents’ information sets, giving rise to the brokerage of asymmetric information. Afterwards, we account for the ways a governance broker meets his goals in dyadic and polyadic relationships, bringing forward distinctive courses of action: clinical assistance, consultancy to foster growth and value, governance engineering, tutoring on global standards of governance, mediation in conflicts of interests, even international intermediation.governance broker, information sets, dyadic and polyadic relationships, brokerage of asymmetric information, corporate governance.

Asymmetric Information under the \u3ci\u3eKafala\u3c/i\u3e Sponsorship System: Impacts on Foreign Domestic Workers’ Income and Employment Status in the GCC Countries

This paper examines the legal and policy implications of information asymmetry on foreign domestic workers employed under the Kafala sponsorship system in the Gulf Cooperation Council (GCC) countries. Drawing from ethnographic and field-based observations in large GCC migrant destinations—including Kuwait, Qatar, and the United Arab Emirates (UAE)—we investigate the flow of information and market uncertainties between five key stakeholders: labor-receiving government, labor-sending government, recruitment agencies (subagents), sponsors (employers), and social networks. Several factors contribute to asymmetric information: the lack of bilateral labor agreements and government policy coordination, programs between and among government entities, the absence of labor law for domestic workers, and the laissez faire approach of the labor-receiving government. These sources of asymmetric information do not only create serious market vulnerabilities for the domestic worker population, but often lead to loss of employment and early deportation. The concluding section further outlines various critical policy implications and potential areas of methodological research on GCC migration

Components Interoperability through Mediating Connector Patterns

A key objective for ubiquitous environments is to enable system interoperability between system's components that are highly heterogeneous. In particular, the challenge is to embed in the system architecture the necessary support to cope with behavioral diversity in order to allow components to coordinate and communicate. The continuously evolving environment further asks for an automated and on-the-fly approach. In this paper we present the design building blocks for the dynamic and on-the-fly interoperability between heterogeneous components. Specifically, we describe an Architectural Pattern called Mediating Connector, that is the key enabler for communication. In addition, we present a set of Basic Mediator Patterns, that describe the basic mismatches which can occur when components try to interact, and their corresponding solutions.Comment: In Proceedings WCSI 2010, arXiv:1010.233

TCG based approach for secure management of virtualized platforms: state-of-the-art

There is a strong trend shift in the favor of adopting virtualization to get business benefits. The provisioning of virtualized enterprise resources is one kind of many possible scenarios. Where virtualization promises clear advantages it also poses new security challenges which need to be addressed to gain stakeholders confidence in the dynamics of new environment. One important facet of these challenges is establishing 'Trust' which is a basic primitive for any viable business model. The Trusted computing group (TCG) offers technologies and mechanisms required to establish this trust in the target platforms. Moreover, TCG technologies enable protecting of sensitive data in rest and transit. This report explores the applicability of relevant TCG concepts to virtualize enterprise resources securely for provisioning, establish trust in the target platforms and securely manage these virtualized Trusted Platforms

Digital Peacekeepers, Drone Surveillance and Information Fusion: A Philosophical Analysis of New Peacekeeping

In June 2014 an Expert Panel on Technology and Innovation in UN Peacekeeping was commissioned to examine how technology and innovation could strengthen peacekeeping missions. The panel\u27s report argues for wider deployment of advanced technologies, including greater use of ground and airborne sensors and other technical sources of data, advanced data analytics and information fusion to assist in data integration. This article explores the emerging intelligence-led, informationist conception of UN peacekeeping against the backdrop of increasingly complex peacekeeping mandates and precarious security conditions. New peacekeeping with its heightened commitment to information as a political resource and the endorsement of offensive military action within robust mandates reflects the multiple and conflicting trajectories generated by asymmetric conflicts, the responsibility to protect and a technology-driven information revolution. We argue that the idea of peacekeeping is being revised (and has been revised) by realities beyond peacekeeping itself that require rethinking the morality of peacekeeping in light of the emergence of \u27digital peacekeeping\u27 and the knowledge revolution engendered by new technologies

Delegation versus authority

The paper studies the role of delegation and authority within a principal-agent relation in which a non-contractible action has to be taken. The agent has private information relevant for the principal, but has policy preferences different from the principal. Consequently, an information revelation problem arises. We contribute to the literature by assuming transferable utility and contractibility of messages and decision rights. While delegation leads to loss of control, it facilitates the agent’s participation and leads to an informed decision. Moreover, message-contingent delegation creates incentives for information revelation. We derive the optimal contract for the principal and investigate when delegation outperforms authority. -- Das Papier untersucht die Bestimmungsgründe für die Delegation von Entscheidungen in Organisationen. Wir betrachten eine Prinzipal-Agent Beziehung, in der eine Entscheidung getroffen werden muss, die vertraglich nicht festgeschrieben werden kann. Der Agent verfügt über für den Prinzipal relevante private Information, hat aber andere Entscheidungspräferenzen als der Prinzipal. Im Unterschied zur bisherigen Literatur betrachten wir den Fall, dass Nutzen transferierbar ist, und dass der Prinzipal sein Entscheidungsrecht in Abhängigkeit eines Berichtes des Agenten an diesen abtreten kann. Delegation führt einerseits zu einem Kontrollverlust für den Prinzipal. Andererseits erleichtert sie die Partizipation des Agenten und führt zu einer informierten Entscheidung. Darüber hinaus schafft Delegation Anreize zur Informationsoffenlegung, wenn dem Agenten das Entscheidungsrecht in Abhängigkeit seines Berichtes übertragen wird. Wir untersuchen, wann es für den Prinzipal optimal ist, die Entscheidung zu delegieren.Delegation,Partial Contracting,Mechanism Design,Imperfect Commitment,Transferable Utility

On the Automated Synthesis of Enterprise Integration Patterns to Adapt Choreography-based Distributed Systems

The Future Internet is becoming a reality, providing a large-scale computing environments where a virtually infinite number of available services can be composed so to fit users' needs. Modern service-oriented applications will be more and more often built by reusing and assembling distributed services. A key enabler for this vision is then the ability to automatically compose and dynamically coordinate software services. Service choreographies are an emergent Service Engineering (SE) approach to compose together and coordinate services in a distributed way. When mismatching third-party services are to be composed, obtaining the distributed coordination and adaptation logic required to suitably realize a choreography is a non-trivial and error prone task. Automatic support is then needed. In this direction, this paper leverages previous work on the automatic synthesis of choreography-based systems, and describes our preliminary steps towards exploiting Enterprise Integration Patterns to deal with a form of choreography adaptation.Comment: In Proceedings FOCLASA 2015, arXiv:1512.0694

Mediation and peace

This paper applies mechanism design to conflict resolution. We determine when and how unmediated communication and mediation reduce the ex ante probability of conflict in a game with asymmetric information. Mediation improves upon unmediated communication when the intensity of conflict is high, or when asymmetric information is significant. The mediator improves upon unmediated communication by not precisely reporting information to conflicting parties, and precisely, by not revealing to a player with probability one that the opponent is weak. Arbitrators who can enforce settlements are no more effective than mediators who only make non-binding recommendations

The Neuroeconomics of Trust

The traditional view in economics is that individuals respond to incentives, but absent strong incentives to the contrary selfishness prevails. Moreover, this “greed is good” approach is deemed “rational” behavior. Nevertheless, in daily interactions and in numerous laboratory studies, a high degree of cooperative behavior prevails—even among strangers. A possible explanation for the substantial amount of “irrational” behavior observed in markets (and elsewhere) is that humans are a highly social species and to an extent value what other humans think of them. This behavior can be termed trustworthiness—cooperating when someone places trust in us. I also analyze the cross-country evidence for environments that produce high or low trust. A number of recent experiments from my lab have demonstrated that the neuroactive hormone oxytocin facilitates trust between strangers, and appears to induce trustworthiness. In rodents, oxytocin has been associated with maternal bonding, pro-social behaviors, and in some species long-term pair bonds, but prior to the work reviewed here, the behavioral effects of oxytocin in humans had not been studied. This presentation discusses the neurobiology of positive social behaviors and how these are facilitated by oxytocin. My experiments show that positive social signals cause oxytocin to be released by the brain, producing an unconscious attachment to a stranger. I also discuss recent research that manipulates oxytocin levels, and functional brain imaging research on trust.Oxytocin, social capital, neuroeconomics, development, experiments