Need help with my writing homework on Does Stakeholder Theory Provide a Better Basis for the Development of Corporate Governance in the 21st Century than Agency Theory. Write a 1500 word paper answeri

Need help with my writing homework on Does Stakeholder Theory Provide a Better Basis for the Development of Corporate Governance in the 21st Century than Agency Theory. Write a 1500 word paper answering; The final reports audited by the external auditors are assumed to be providing a true and fair value of the companies aligned with full compliance of accounting standards (international and national) and norms (Mallin,2007, p.1).

But in reality, it has been found that despite healthy financial positions of the companies reflected through the annual reports of high profile corporate companies, a large number of them have crumbled down financially or went bankrupt. Through collapse of the companies, it is imperative to assert that stakeholders of the companies like employees, customers, suppliers, bondholders and many others have been adversely affected financially (Mallin,2007, p.1).

The concept of corporate governance occupies a central position at this juncture. CG can be visualized as a unique theoretical dimension of organizational behavior which is developed for providing stout answers to the company collapses and generating optimal preventive measures against the bottlenecks and running them in a successful manner within a dynamic forefront. One of the fruitful definitions derived from Walker review in 2009 can be considered in this respect which is as follows:

“The role of the corporate governance is to protect and advance the interests of shareholders through the setting the strategic direction of a company and appointing and monitoring capable management to achieve this” (Solomon, 2011).