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There are no perfect corporate governance mechanisms that completely resolve agency problems of corporations. Discuss some potential issues in relation to board structure and shareholder

There are no perfect corporate governance mechanisms that completely resolve agency problems of corporations. Discuss some potential issues in relation to board structure and shareholder voting process that may prevent effective shareholder monitoring in Australian corporations OR in US corporations. How do these issues influence the effectiveness of takeover as a corporate governance mechanism? If possible, provide examples to illustrate your answer

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