Finance and Accounting for NonFinancial Managers, 3rd Edition

12

Corporate Governance and Financial Integrity

Learning Objectives

By the end of this chapter, you should be able to:

•  Understand the issues related to agency and delegated responsibility.

•  Describe the similarities and the differences in the corporate scandals that have been identified in the past few years.

•  Describe the response of the federal government to the financial crisis.

•  Identify the responsibilities of managers to the shareholders and other stakeholders associated with their corporations.

OVERVIEW

Corporate governance is not a new topic. It has been around for many years, often described as the “agency issue.” However, ...