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What are some indicators of good governance and what are some indicators of bad governance? What are some mechanisms that firms can put in place

What are some indicators of good governance and what are some indicators of bad governance? What are some mechanisms that firms can put in place to improve governance? Be sure to discuss internal based mechanisms and market-based mechanisms. Discuss issues associated with compensation and how it applies to internal controls and corporate governance and exacerbate or mitigate the P-A problem in these contexts

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