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hi and welcome to chapter 2 corporate governance I am professor Nugent and were gonna be talking today about the boards of directors their roles how they affect the operations of companies talking about the sarbanes-oxley Act and that effect on boards and corporations trends in corporate governance talk we will talk about executive leadership as far as it meets how it meets and affects strategic management so corporation as you know is an is sort of an artificial legal entity its a person but not a person so you know the corporation basically is looking to take money and utilize expertise and labor to create a profitable venture so that owners shareholders employees customers all get a benefit from this now the management of a company they need to be supervised at an even higher level so in order to represent stockholders owners who really dont have the ability to review or know the inner workings of a company they have a representative body called the Board of Directors who oversee