Art, Music, and Creative Writing homework help

Art, Music, and Creative Writing homework help. Hi, need to submit a 500 words paper on the topic Behavioral Finance In Corporate Governance Independent Directors And Non-Executive Chairs, And The Importance Of The Devils Advocate. Presented by Introduction many employees sacrifice their careers and reputation because of loyalty to their CEO Loyaltyis misused through misplaced loyalty in certain organizations. Milgram experiment Milgram experiment test innate loyalty through psychology experiment. psychological attributes of the respondents was testing in mock experiment subjects were made to electrocute stranger contrary to their own beliefs Leadership and corporate governanceModern liberal corporate governance calls for different professionals in leadership restrained by laws and rules. The leaders are given different authorities to run organizations.The CEO have are appointed by the Board of the organization The boards remain loyal even to CEOs that are misguided.Many boards detest disagreeing with CEO they feel that would be perceived as disloyalty.Dissenting peers and conflicting authorities The Milgram experiment explains how people dissent peers and conflict authority.Cases of dissenting peers voice their concerns. the subjects reduce their loyalty levels to the authority.Encouraging disobedience on boardsPeer concerns may disrupt loyalty and encourage others board members to also disagree.CEO from certain meetings since that would encourage disobedience that offers objective assessment of companyAlternative explanationsPeople would naturally be obedient until other people including peers voice concernWhen concern is raised people begin to question their loyalty.Ethics of corporate governance Organizations are marred with ethical failures where fail to offer right counsel when they are required toPeople make excuses of ethical failures Loyalty and morality often clash among people in authority in corporate bodies.Through argentic shift, people may forsake rational reasoning for loyalty Agency problems revisited Type I agency problem: Many corporates fail because those tasked with leadership fail to act as agents of the firms.Many CEO tasked with acting for the good of many other decide to act for their own good.In other cases, directors collude with CEO to act for their own sake.Institutions to balance twin agency problemsDifferent institutions have a duty to balance the agency problemsOnce way of offering balance is vetting those to be given authority in organizationsAppoint people specifically with power to offer criticism to people in authority.Critique of the articlepeople appointed in organizations to criticize the management but fails to state how the critics would be criticizedAdvocating for vetting of people may be short lived people can devise ways of beating the vetting process.ReferencesMorck, R. Behavioral Finance in Corporate Governance – Independent Directors and Non-Executive Chairs.&nbsp.SSRN Electronic Journal. http://dx.doi.org/10.2139/ssrn.

Art, Music, and Creative Writing homework help