Final answer:
Large investors in corporate governance play a significant role by using their voting power to influence corporate decisions, holding executives accountable, and shaping the strategic direction of the company. They work alongside the board of directors and auditing firms to ensure oversight and the accuracy of financial information.
Step-by-step explanation:
The features of large investors in corporate governance include their ability to influence the company's decision-making process. These large investors, like mutual funds or pension funds, are considered a crucial institution within corporate governance systems. They possess significant voting power at shareholder meetings, which they can use to hold top executives accountable, approve or disapprove major decisions, and impact the strategic direction of the corporation.
Corporate governance also involves other key players, such as the board of directors and auditing firms. The board is responsible for overseeing executive management and ensuring that shareholders' interests are represented. Auditing firms independently review financial statements to verify their accuracy. The failure of proper corporate governance, as seen in the case of Lehman Brothers, can lead to the dissemination of inaccurate financial information to investors, affecting the company's credibility and financial stability.