Corporate governance issues and problems surfaced in the early 2000s with several large firms involved in high-level scandals surrounding improper accounting practices. Serious problems surfaced once again in the recession of 2007-2009, where short-sightedness by financial institutions caused some of our oldest and most venerable Wall Street firms to fail, or nearly fail, compelling the Federal Reserve to undertake a massive bailout effort to ensure the safety and stability or our entire financial system.
Your boss has asked you to research and write a memo that identifies:
1. Potential ethical issues and considerations that should be discussed surrounding current Principal and Agency policies, including the oversight available for self-serving managers to make them more accountable, and
2. Your opinions and recommendations on what can or should be done going forward to curb the kinds of abuses of the past that created such sizeable problems.
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