What is the role of the board of directors in corporate governance?
After reading, Rashmi Airan ‘s article Theranos Scandal Highlights Need for Effective Corporate Governance (in the files) and watching HBO’s documentary film The Inventor: Out for Blood in Silicon Valley, (https://www.youtube.com/watch?v=W2_A93PWPNY) please contribute a paragraph where you will offer your original critical view on the corporate governance in Theranos. Your discussion should reflect on, but is not limited to, the following issues: What inherent characteristic of corporation creates the need for a system of checks on manager behavior? What do you see as the major issues in Theranos corporate governance and why? What is the role of the board of directors in corporate governance? Do you think that Theranos’ board fulfilled its function and why? In your view, what are the most important takeaways to prevent similar failures in the future?
