Corporate Governance

Corporate Governance

For this essay, you will conduct research in order to contrast agency theory and stewardship theory in corporate
governance. In your essay, be sure to address the following comments:

What are the responsibilities of top management and leaders in relation to corporate governance and strategic
planning? What are the benefits of strategic management?

What are the roles and responsibilities of the board of directors? Please provide an example of a board of
directors that did, or did not meet its responsibilities to the company.

Explain the Sarbanes-Oxley Act and its impact on corporate governance. How has it changed the way leaders do
business in the United States?

Conclude with a discussion of the ways the strategic audit helps corporate governance.

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Responsibilities of top management in corporate governance

Recent thinking on strategic planning and corporate governance have been profoundly influenced by the agency theory. This theory attempts at exploring the relationship between the principals, for instance, the shareholders and the agents such as executives within an organization ( Tipurić, 2008). According to this perspective, the principal is expected to hire the agent to perform work. However, instances of a dilemma are often encountered based on the fact that the interests of the principals and agents are not aligned. As………………..

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