Each company has a different culture that dictates how it is governed or operated by its leaders. Given the differences in cultures, even companies with similar models of governance can operate in very distinct and different ways. Exploring the theory on governance can give insight into your company.For this essay, you will conduct research in order to contrast agency theory and stewardship theory in corporate governance. In your essay, be sure to address the following comments:
- What are the responsibilities of top management and leaders in relation to corporate governance and strategic planning? What are the benefits of strategic management?
- What are the roles and responsibilities of the board of directors? Please provide an example of a board of directors that did, or did not meet its responsibilities to the company.
- Explain the Sarbanes-Oxley Act and its impact on corporate governance. How has it changed the way leaders do business in the United States?
- Conclude with a discussion of the ways the strategic audit helps corporate governance.
Your essay should be at least two pages in length, double-spaced, and in 12 pt. Times New Roman font. The title and reference pages do not count towards the minimum page length. To complete this assignment, a minimum of three reputable sources must be used, cited, and referenced. At least one reference must come from the CSU Online Library. Other good sources are public libraries, Google Scholar, and academic websites. The CSU Online Library offers several research resources and tutorials on subject research guides and accessing the library.