Agents are either guided directly by the elicited or communicated preferences of their principals, including both the conditions or states that their principals value and the particular actions the principals prefer that agents use to realize those states (goal priority), or can research clues...

This paper argues that the central function of the board of directors is, and has always been, to provide assurance, and reassurance. The paper introduces a typology of four classes of board functions, legal, normative, descriptive, and utilitarian, and argues that none adequately captures the...