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1) Discuss how the three internal governance mechanisms are used to align  the interests of managerial agents with those of the firm's owners

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1) Discuss how the three internal governance mechanisms are used to align  the interests of managerial agents with those of the firm's owners. Why  is this so critical in today's business climate where the ethics  practiced by firms are constantly being scrutinized?

2)What can strategic leaders do to develop and sustain an effective  organizational culture? What actions can a strategic leader take to  establish and maintain ethical practices within a firm?