Maybe stating the obvious, but I believe corporate governance is an academic subdiscipline of finance/economics. From quickly looking on google scholar, here’s a textbook and an (outdated) 1997 survey article. I’m not familiar with that literature, but I’d guess the normative framework (if any) taken there is the usual sort of loose willingness-to-pay-proxied quasi-utilitarianism found in most subfields of economics besides public finance.
Maybe stating the obvious, but I believe corporate governance is an academic subdiscipline of finance/economics. From quickly looking on google scholar, here’s a textbook and an (outdated) 1997 survey article. I’m not familiar with that literature, but I’d guess the normative framework (if any) taken there is the usual sort of loose willingness-to-pay-proxied quasi-utilitarianism found in most subfields of economics besides public finance.