Question: a. What is corporate governance? Why is corporate governance an important concern for companies that are pursuing the social responsibility approach? How does it improve or change the nature of executive and managerial decision making?
b. Compare the shareholder and stakeholder models of corporate governance. Which one seems to predominate today? What implications does this have for businesses in today's complex environment?
c. How have economic circumstances contributed to the growing trend toward increasing corporate governance? Why are accountability and control so important in the twenty-first century?