8.
Corporate
Governance
Corporations
have
the
legal
standing
of
an
individual;
some
corporations
are
privately-held
and
other
are
publicly-traded.
Raising
capital
from
investors
is
the
primary
reasons
why
firms
go
public
The
performance
based-compensation
in
top
management
is
very
important
(80%).
9.
Ethics
Business
Ethics
is
an
elusive
concept
If
the
corporation
is
to
survive,
it
needs
to
maximize
value
to
its
owners
The
companys
reputation
improves
its
brand-name
capital
with
positive
impact
on
results
Its
not
about
changing
employees
preferences,
its
about
setting
the
right
incentives
Even
if
ethics
programs
fail,
good
communication
and
education/information
adds
value
to
the
firm.