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In: Accounting

History: Governance has always been an issue, but when and how did modern corporate governance issues...

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?

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