Corporate Governance
Question: 1.“The directors of companies, being the managers of other people’s money cannot be expected to watch over it with the same anxious vigilance with which (they) watch over their own”.–Adam Smith, The Wealth of Nations (Tricker 2015, p. 53).–(20 Marks) (a)Identify which theoretical context this statement is situated and examine the practical relevance of this to contemporary corporate governance practices in Ghana. Justify your answer by relating it to the governance issues related to the Ghanaian Financial Industry and examining the specific practice of corporate governance that is being implied.(8 Marks) 450 words + or–10% (b)Evaluate the impact of this