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Corporate scandals and power shifts

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Due to recent corporate scandals involving senior management, there has been a shift of corporate power from the CEO to other stakeholders. Describe the shift in corporate power from the CEO to other stakeholders and the impact on corporate governance.

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This solution helps explore the concept of corporate scandals and power shifts.

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Traditionally, the CEO has had a very high degree of corporate power, which made sense because their role requires this. However, when we shift that control to other stakeholders such as the Board of Directors or an outside actor entirely (such as the ...

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