Illustrates the responsible reasons of goes down companies

Question

Illustrates the responsible reasons of goes down companies?

Answer 1

The number of famous companies that have fallen on hard times because of the events of scurrilous or out-of-control chief executive officers, the rising propensity of disgruntled stockholders to file lawsuits alleging director negligence and the rising costs of liability insurance for directors all underscore the duty that a board of directors has for overseeing a organization strategy-executing and strategy-making process and ensuring that management actions are correct and liable.