1. What are the three key objectives of corporate governance?
2. What is the "business judgment rule"? Discuss the economic logic for this legal precedent.
3. What are the major costs and benefits of organizing as a publicly traded corporation?
4. What are the primary sources of decision rights at the top of publicly traded corporations? Discuss the allocation of decision rights at the top of the typical U.S. corporation.
5. Why is it important to separate decision management and control in publicly traded corporations? Discuss how a well-designed governance system achieves this objective.