In your assigned textbook reading this week, Anand (2008) discusses how bad corporate governance can lead to illegal activity such as corruption. A Wharton management professor stated a poorly conceived corporate governance system can wreak havoc on the economy by misallocating resources or failing to check opportunistic behaviors. How can good corporate governance help to check opportunistic behavior or avoid illegal activities? What red flags or warning signs would help address these problems early? Please provide specific examples.