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1-Prepare a paper or presentation analysing the various theories that have been applied to an understanding of corporate governance. Are they in conflict or are they, rather, different perspectives on the basic phenomena? 2-The text suggests that: ‘All major developments in the field (of corporate governance), including the codes of good practice and the American Sarbanes-Oxley Act, have been responses to corporate crises. The codes and principles of corporate governance have been created by business leaders based on their experience and conventional wisdom about what counts as good practice.’ Do you agree? Is this a sound approach? What might be the drawbacks? 3- Do you agree or disagree that Roberto Goizuetta, a former head of Coca-Cola, captured the issue, when he said: ‘Saying that we work for our shareholders may sound simplistic— but we frequently see companies that have forgotten the reason they exist. They may even try to be all things to all people and serve many masters in many different ways. In any event they miss their primary calling, which is to stick to the business of creating value for their owners.’

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Phyllis Mugure

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