Agency Challenges of Corporate Governance
Describe the system of legal responsibilities among shareholders, the board of directors, and top managers in large, public U.S. corporations. Then explain how, in practice, agency problems arise that may lead to manager behavior inconsistent with their fiduciary duties to shareholders. Finally, note how the government and firms are trying to manage the agency issues in corporations today.
Write your analysis in a 2-page Word document formatted in APA style.
Explained the legal responsibilities of shareholders, the board of directors, and top managers in large, public U.S. corporations
Explained agency problems of manager actions inconsistent with fiduciary duties
Explained government and corporate actions to overcome agency problems
Selected reliable sources of information and cited sources