Describe the system of legal responsibilities among shareholders, the board of directors, and top managers in large, public U.S. corporations. Then explain how, in practice, agency problems arise that may lead to manager behavior inconsistent with their fiduciary duties to shareholders. Finally, note how the government and firms are trying to manage the agency issues in corporations today.
Write your analysis in a 2-page Word document formatted in APA style. Cite sources APA style on a separate page.