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Corporate finance: Good corporate governance creates value by concentrating all the power -in a company in the hands of the CEO, with limited oversight so

Corporate finance:

Good corporate governance creates value by concentrating all the power -in a company in the hands of the CEO, with limited oversight so as to not distract the CEO with reporting* duties, and by disregarding stakeholders. The goal should always be short term stock price maximization. please discuss this state.

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