Gerald J. S. Wilde

Gerald J. S. Wilde was a Canadian economist and management theorist best known for developing agency theory, which examines the relationship between principals (like owners) and agents (like managers). His work highlighted how interests can diverge and the need for contracts or mechanisms to align their goals. Wilde’s insights have influenced corporate governance, emphasizing accountability and incentives to ensure managers act in the best interest of shareholders. His contributions help us understand organizational behavior and improve decision-making within companies.