The governanceGovernance of corporations captivates the interest of governments, policymakers, business leaders, academics, and stakeholdersStakeholders in corporations, such as shareholdersShareholders and debtholders as well as the executive teams who run our businesses. However, it has been acknowledged for a long time that the separation of firm ownership from its control has the potential to create principal-agentPrincipal-agent problems which, in turn, can undermine good corporate governanceCorporate governance and lead to adverse outcomes for corporations, their stakeholdersStakeholders, and the wider society.