Abstract
Fisheries scientists are encouraged to make a personal list of properties of a well-managed fishery by which they can judge the success or failure of management regimes. However, the objectives and the tools available to the management agency should be summarized first. The two most important tools are the means to enforce regulations and effective communication between the management agency and the fishing industry. Using these tools, industry should be convinced that their best interest will be served by complying with the management regime. A list of properties of a well-managed fishery might include low resource waste; catch stability; high quality resource habitat; a balance between market demand, resource yield, fishing capacity, and processing capacity; shared management responsibility between industry and government; and regulations that are understood and enforced. Whatever properties are chosen should be attainable and success should be measurable.

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