Behavioral Finance In Corporate Governance Independent Directors And Essay

Behavioral Finance In corporeal Governance Independent Directors And Non-Executive Chairs, And The Importance Of The Devils Advocate - Essay ExampleIntroductionmany employees sacrifice their c beers and temperament because of loyalty to their CEO Loyalty is misused through misplaced loyalty in certain organizations. Milgram essay Milgram experiment test innate loyalty through psychology experiment. psychological attributes of the respondents was testing in mock experiment subjects were made to electrocute stranger contrary to their own beliefs Leadership and corporate governance groundbreaking liberal corporate governance calls for different professionals in leadership restrained by laws and rules. The leaders are given different authorities to run organizations.The CEO have are appointed by the scorecard of the organization The boards remain loyal even to CEOs that are misguided.Many boards detest disagreeing with CEO they feel that would be perceived as disloyalty.Dissenting pe ers and conflicting authorities The Milgram experiment explains how people dissent peers and conflict authority.Cases of take issue peers voice their concerns the subjects reduce their loyalty levels to the authority.