ContentsEXECUTIVE SUMMARY.................................................................................................................................2INTRODUCTION...........................................................................................................................................4BACKGROUND OF COMPANIES...................................................................................................................5LIST OF EVENTS CONTRIBUTING TO THE LIQUIDATION AND THE FAILURE OF CORPORATE GOVERNANCE6ETHICS AND FINANCIAL STRESS...................................................................................................................8LIABILITIES...................................................................................................................................................9RECOMMENDATION..................................................................................................................................10CONCLUSION.............................................................................................................................................10REFERENCES..............................................................................................................................................12INTRODUCTIONThe company operates through its board of directors. Board of directors is regarded as themanagement of the company. The board of directors has the power to take each and every3

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