Was the Financial Crisis 2007-8 the best example of the failure of our corporate governance system?
Write an essay on how the different actors in the corporate governance system contributed to the 2008 financial crisis. Discuss the role of executive compensation and how it incentivised excessive risk taking,discuss how the board of directors failed in their oversight role,discuss the failure of regulators auditors and credit rating agencies. Finally give recommendations on how the corporate governance system can be strengthened to prevent future crisis. DO NOT USE CHATGPT IN ANY FORM. THE WORK WILL BE RUN THROUGH TURMITIN AI DETECTION