Identify and Explain Agency Theory Essay Assignment
Identify and explain agency theory, stakeholder theory, legitimacy theory and agency cost theories for the Article: Linden, Andrew, The CPA saga demonstrates why Australia’s corporate governance code needs replacing. The Conversation (online). 21/6/17, np. The ongoing saga involving CPA’s board of directors and CEO Alex Malley highlights the need for a new corporate governance code in Australia. The CPA, while not a publicly listed company, adheres to the ASX Code of Corporate Governance – in fact the CPA assisted the Australian Stock Exchange (ASX) in writing its code.
It is essential that the ASX code is replaced by a new code written by an independent body, in conjunction with stronger legislation. This will help combat future corporate governance scandals. While the ASX code only directly applies to commercial corporations listing on the exchange, its governance
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