Corporate Governance Essay

Assessment task title: Essay (Critical Evaluation of Legal) Details of Task:

"The directors of companies,... being managers of other people’s money than their own, it cannot well be expected that they should watch over it with the same anxious vigilance with which partners in a (...partnership...) frequently watch over their own. ... Negligence and profusion, therefore must always prevail more or less, in the management of the affairs of ...a company. ( Adam Smith, The Wealth of Nations (Random House, New York :1937), 700)

Support, refute or refine the above assertion in the light of corporate governance theories. Critically assess the success of the Codes of Corporate Governance Codes in addressing the problems identified by Adam Smith. Word limit: 1900- 2000 words Criteria for marking: The marking rubric will be posted on Moodle Learning objectives assessed: 2, 3 and 4