An exam question from a previous semesterwas:

‘Since Berle and Means (1932) identified a separation of corporate

ownership from operational control, the issue of howthe diversified organization can be governed has been central to governance studies.’
(Roberts et al, 2005)

Describe the majortheories used to examine corporate governance. On what bases can the dominant theoretical lens

for explaining the way companies are governed be seen as inadequate?

This is a sample exam question, just straight fon/vard to answer the question and do not need any background introduction. it is recommended that answerthe question by reading the attachment. in the exam, we
are not allowed to referencing for any materials, we need to absorb the contents and use own words to explain, so please use own words to explain and answerthis question.

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