Which statement best characterizes the impact of regulatory

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Problem 1: Which statement best characterizes the impact of regulatory changes on corporate governance since the 1990s?

Option 1: New regulations require corporate managers to prioritize the interests of external stakeholders over those of shareholders.
Option 2: Oversight by boards of directors and independent auditors has decreased, allowing for greater corporate flexibility.
Option 3: Corporate governance has become untenable due to requirements that all conflicts of interest be catalogued.
Option 4: Corporate transparency and accountability have increased through revised reporting and oversight requirements and stiffer penalties for fraud.

Reference no: EM132746082

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