History: Governance has always been an issue, but when and how
did modern corporate governance issues come into being
a. What legislation in the mid 19th century gave birth to the
Industrial Revolution and the modern corporation?
b. What was the implication of the new legislation for: # of
owners, and effective governance? How did it affect the connection
between Shareholders and their appointed Directors?
c. What other Institutions enhanced the growth of
LLCs/Corporations?
d. 20th century: many management advances: Taylorism; Human
Potential/Resources (Drucker/MacGregor); Japanese implementations,
Quality Circles and TQM, et al. BUT very little advances in
Corporate Governance Theories or practices. CG gained attention
from the 1980s on, often due to scandals.
e. What is the “Agency” issue?
f. What happened in the late 20th Century to bring CG to the
attention of reformers?