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Define corporate governance

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Reference no: EM132905028

1. Define corporate governance and explain why it is used to monitor and control top-level managers' decisions.

2. Explain why ownership is largely separated from managerial control in organizations.

3. Define an agency relationship and managerial opportunism and describe their strategic implications.

4. Explain the use of three internal governance mechanisms to monitor and control managers' decisions.

5. Discuss the types of compensation top-level managers receive and their effects on managerial decisions.

6. Describe how the external corporate governance mechanism-the market for corporate control-restrains top-level managers' decisions.

7. Discuss the nature and use of corporate governance in international settings, especially in Germany, Japan, and China.

8. Describe how corporate governance fosters ethical decisions by a firm's top-level managers.

Reference no: EM132905028

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