Which of the following statements best describes the current trends in corporate governance?
a. Businesses are moving towards a stakeholder orientation with looser corporate governance.
b. Businesses are gravitating towards the stakeholder orientation because the costs involved are decreasing.
c. Most companies are already using a shareholder orientation with formal governance.
d. Companies are turning to a shareholder orientation with a more informal corporate governance system. e. Forces are driving businesses toward the stakeholder orientation and more formal governance.