In the first module, we discussed the goals of financial management, agency problems and the role of corporate governance in reducing agency problems. We learned that the main goal of financial management is to maximize stockholder wealth. Do you agree with this statement? What are the pros and cons of focusing on stockholders instead of stakeholders? Which one do you think would be more sustainable in the long-run? or in the aftermath of the Covid-19 pandemic? or during an inflationary period? Please feel free to discuss the recent bank failures: Silicon Valley Bank (SVB) and Signature Bank in the US & Credit Suisse in Europe. In addition, further discuss different mechanisms (managerial compensation, board of directors and market control) that corporations can use to curb agency problems. Which mechanism do you think is most effective in curbing agency problems? Alternatively, feel free to post a relevant recent news article related to the agency problem or corporate governance mechanisms to curb agency problems. Remember to provide a link to the article and state briefly why you think that this article is important