By the end of this chapter, you should be able to:
• Understand the issues related to agency and delegated responsibility.
• Describe the similarities and the differences in the corporate scandals that have been identified in the past few years.
• Describe the response of the federal government to the financial crisis.
• Identify the responsibilities of managers to the shareholders and other stakeholders associated with their corporations.
Corporate governance is not a new topic. It has been around for many years, often described as the “agency issue.” However, ...