Corporate governance is defined as a. the memos sent out by upper management on appropriate conduct b. formal systems of accountability, oversight, and control c. the members of the board of directors d. classic economic precepts, including the goal of maximizing wealth e. the management style of the firm's ceo

An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.