Watch the movie https://www.amazon.com/Enron-Smartest-Guys-Peter-Coyote/dp/B001AMTTVS/ref=atv_pr_sw_sc?dchild=1&s=instant-video&sprefix=the+smartest%2Cinstant-video%2C148&keywords=the+smartest+guys+in+the+room&crid=24YHCFPT042SJ&qid=1586881022&sr=1-1

1. The CEO of Enron was responsible for Enron's scandal. Specify who the owner and who the manager of Enron. Discuss motivation(s) of the CEO's engagement in earnings manipulations based on 'Agency relationship.'

2. To preventEnron'sscandalagain, firms need to improve their governance mechanism. Discuss two(2) ways to enhance the effectiveness of the governance mechanisms. Your answer should be related toEnron's scandal (For example, you need to discuss how your suggested governance mechanism preventsEnron's scandal).

*Note for Question #1: In your submission, you must clearly definewho is the principal and who is the agent in the documentary. It must be related to the concept of agency relationship and must explain what was the CEO's motivation to manipulate earnings.

*Note for Question #2: Specific corporate governance systems must be addressed. For example, "Enron should have had a transparent communication" is not what this assignment is required. What does "transparent communication" means? This question is specifically asking about corporate governance systems. List two specific systems and explain how the systems help prevent corporate wrongdoings?

*Note for both questions: You must not have unnecessary information in your submission. Make sure you answer the listed questions only.

Examples of unnecessary information: Summarizing the video documentary, Introduction of Enron and Enron's scandal, Explanation of the meaning of corporate governance, Listing the CEO's motivation to engage in earnings management that is not related to Agency relationship.