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What role do each play in the operation of the firm? Can the same person hold the position of a top director as well as

What role do each play in the operation of the firm? Can the same person hold the position of a top director as well as that of a top corporate manager?

Who selects directors of the board & the corporate managers?

What role do common stock shareholders, institutional investors, preferred stock shareholders play in selection of corporate officers & managers?

Why did the Sarbanes-Oxley Act of 2002 particularly focused on managers & accounting supervision to prevent future financial crises?

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