Question

1. A. Describe the basic issues raised by the topic of corporate governance. What is the objective?

B. Why was the Interstate Commerce Commission (ICC) created?

C.   The ICC later was closed. Explain how the ICC began to run contrary to its original mission, leading to its eventual cancellation.

Answer 1

A)The basic objective of the topic of corporate governance is to enhance the shareholder's value and protecting the likes of stakeholders

Some of the basic issues raised by the topic of corporate governance are

*accountability issue

accountability is important in terms of proper governance. From the lower to higher level, each level has to make account reports for the proper analyze

*transparent approach

reports regarding profit and loss should be detail reported. This is vital in a relationship with investors

*varying interests

employers within a organisation should not have varying interests and it affects the proper governance

B)

The ICC was created regarding the railroads. this includes how railroads could do the activity, proper summary report submission and banning extra rates introduced by railroads

C)The ICC was unambiguous.They failed to find out unfair policies.

The law emphasised to use fair rates by railroads but where misused by railroads and many policies adopted by ICC were rubbish

so eventually ICC were withdrawed