1) Majority of main corporations are franchised as public corporations. describe the main strength and weakness of ‘public corporation’. When do you believe public corporation as the organizational form is unsuitable?

2) Following corporate scandals and failures in U.S. and abroad, there is a growing demand for corporate governance reform. What must be key objectives of corporate governance reform? What type of obstacles can there be thwarting reform efforts?

3) It has been shown that foreign companies listed in U.S. stock exchanges are valued more than those from same countries which are not listed in U.S. Describe the reasons why U.S.-listed foreign firms are valued more than those which are not. Also describe why not every foreign firm wishes to list stocks in United States.