Question

Which principles of good corporate governance were illustrated by Wynn Resorts, according to the case Corporate Governance and Executive Misconduct at Wynn Resorts?

A) Transparency and accountability
B) Shareholder activism
C) Excessive executive compensation
D) Insider trading

Answer 1

While the principles illustrated by Wynn Resorts are not explicitly detailed, transparency and accountability are inferred to be key components of good corporate governance, which were missing in the case of Lehman Brothers.

Step-by-step explanation:

The principles of good corporate governance ilustrated by Wynn Resorts are not explicitly detailed in the information provided. However, based on the context of corporate governance involving the board of directors, auditing firms, and outside investors, we can infer that transparency and accountability are central to good corporate governance. These elements were notably missing in the Lehman Brothers case, where corporate governance failed to provide accurate financial information about the firm's operations. Failure to adhere to transparency and accountability principles is often central to corporate governance issues.