Please make sure to follow Grading Criteria and APA referrences
Describe the system of legal responsibilities among shareholders, the board of directors, and top managers in large, public U.S. corporations. Then explain how, in practice, agency problems arise that may lead to manager behavior inconsistent with their fiduciary duties to shareholders. Finally, note how the government and firms are trying to manage the agency issues in corporations today.
Write your analysis in a 2-page Word document formatted in APA style.
Name your document as: LastnameFirstInitial_W5_A1.doc.
For example, if your name is John Smith, your document will be named SmithJ_W5_A1.doc.
comment on your peers' responses.