Based on your understanding of the nature of corporate leadership, offer three or more pieces of substantive and formal advice to assist the Board in determining whether it should (1) consider a manager as an order-taker legally required to carry out wishes of shareholders, or (2) as a fiduciary (Links to an external site.) who is expected to make discretionary decisions, under supervision of the Board. Defend your answers as noted above. Address: (a) agency problems, (b) the financial managers place in the corporation, (c) Dodd-Frank provisions, (d) scandals that required changes to reporting standards, and (e) the market for corporate control or related issues raised in assigned reading.