Assignment:
Question 1: We are familiar with the SEC and SOX on accounting class.
The SEC or Securities and Exchange Commission. The laws that govern the Securities Industry. Securities Act of 1933 often referred to as the "truth in securities" law, the Securities Act of 1933 has two basic objectives:
Require that investors receive financial and other significant information concerning securities being offered for public sale; and
Prohibit deceit, misrepresentations, and other fraud in the sale of securities.
I need assistance in answering the question, what event in history made the government think of adding the SEC law?
Question 2: Corporate governance is most often viewed as both the structure and the relationships which determine corporate direction and performance. The board of directors is typically central to corporate governance. Its relationship to the other primary participants, typically shareholders and management, is critical. Additional participants include employees, customers, suppliers, and creditors. The corporate governance framework also depends on the legal, regulatory, institutional and ethical environment of the community. Whereas the 20th century might be viewed as the age of management, the early 21st century is predicted to be more focused on governance. Both terms address control of corporations but governance has always required an examination of underlying purpose and legitimacy
https://www.corpgov.net/library/definitions.html
I want a good opinion please, Do you think stockholders have much input in how corporations are ran?