Questions

Please answer the next questions with around 150 words each. Thanks
Q1
Discuss how the three internal governance mechanisms are used to align the interests of managerial agents with those of the firm’s owners. Why is this so critical in today’s business climate where the ethics practiced by firms are constantly being scrutinized?

Q2
What can strategic leaders do to develop and sustain an effective organizational culture? What actions can a strategic leader take to establish and maintain ethical practices within a firm?