kaal:position:2026-07-31-7852
Accountability and Responsibility in Corporate Governance presents the following source proposition: Managerial agency costs and the existence of markets for social responsibility argue against drastically reducing managers' accountability to shareholders. This proposition is pertinent to Kaal's source-bound claim that Agency costs are the sum of monitoring costs, bonding costs, and residual loss, and in the corporate context they can be seen as the lost share value resulting from diverging interests between shareholders and corporate managers. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.
corporate-governancecompliancehistorical-responsescholarly-literaturecrossref