1. What are some of the reasons why ethical standards may have a limited ability to control the CEO?
2. Why does management usually want to avoid bankruptcy?
3. What are some of the reasons why corporate boards have limited ability to control the CEO? What other roles may boards serve?
4. What are some of the reasons why large shareholders may have limited ability to control the CEO?
5. What is an LBO? How common are LBOs?
6. What are the main SOX reforms?