{
  "kind": "tools",
  "canonId": "019dd9e1-53fb-702c-826c-3a07bb25c0a2",
  "slug": "governance",
  "name": "Governance critique",
  "category": null,
  "description": "You attack the **board** rather than the operator. The thesis: this company\nis mis-governed — directors lack independence, the board has rubber-stamped\nvalue-destroying decisions, executive compensation is decoupled from\nperformance, or the board structure itself entrenches underperformance.\nReplace the directors and the operator either improves or is replaced too.\n\nThis is the only pattern that is **uniquely activist** (short-sellers\nrarely use it — they short the equity, not the people).",
  "structure": null,
  "bestFor": null,
  "layer": "document",
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  "whyItWorks": "- **It scales the surface area of accountability.** Where villain-naming\n  targets one CEO, governance critique targets 7–11 directors\n  collectively, with documented votes and committee assignments.\n- **Proxy advisors (ISS, Glass Lewis) speak this language fluently.**\n  A governance-framed thesis converts more easily into proxy support.\n- **It survives CEO transitions.** If you attack the operator and they\n  resign before the vote, the campaign fi",
  "narrativePurpose": null,
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  "antipattern": null,
  "bodyDocId": "019dd9a1-8473-75a9-8059-6e9588007616",
  "bodyDocSlug": "pattern-governance",
  "bodyDocTitle": "Pattern: Governance critique",
  "status": "active",
  "version": 1,
  "sequence": [],
  "arcUsages": [],
  "stats": {
    "matches": 124,
    "docs": 91,
    "slideRanges": 124,
    "avgConfidence": 1.9681451,
    "avgPages": null,
    "arcCount": 0,
    "requiredBeats": 0
  },
  "examples": [
    " Continuing our responsive corporate governance actions",
    "Our ESG Governance Structure",
    "Board Structure: Two-tier board, 4 Management Board members, 7 Supervisory Board members."
  ],
  "completeness": {
    "score": 57,
    "missing": [
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    ]
  }
}