Please choose ONE of the following questions:
1. Exclusive focus on the protection of shareholder interest fails to afford adequate consideration to non-financial investments, which are crucial to long-term business success. Thus, stakeholders-oriented legal systems are better for society in the long term than their shareholder-oriented counterparts. Critically evaluate. OR
2. The notion that corporate decision-making power rests exclusively in the board of directors is a fallacy. Shareholders are sufficiently equipped and positioned to influence corporate policy on an ongoing basis. Discuss. OR
3. Higher records of diversity at the board level indicates that Comply or Explain works effectively in the Corporate Governance system. Critically assess stating your opinion.