Iron Works International is considering a project that would refurbish a run-down building that it currently owns. The building was purchased five years ago for $1.6 million and rented over this period. The rental income was enough to pay off all of the debt on the building. The building could now be sold for $1.7 million. Iron Works is thinking about changing the building into fancy loft apartments for the new trendy marketplace. This would cost $1.9 million to convert the old building to these loft apartments. If converted to loft apartments, Iron Works would generate future income estimated to be $4.9 million on a present value basis. The opportunity cost for this project is which one of the following? gx(b)Examine the extent to which goodcorporate governance procedures can help manage the problems arisingfrom the divergent interests of multiple stakeholder groups in privatesector companies.

Examine the extent to which good corporate governance procedures can help manage the problems arising from the divergent interests of multiple stakeholder groups in private sector companies.

Corporate governance refers to how the board of directors and upper management is able to balance the different interests of all the shareholders in a corporation. Good corporate governance is specially helpful to minority shareholders who individually are not able to be represented in the board of directors. Since their interests are not represented by any board member, the only way that their interests can be properly taken care off is through good governance procedures. Large shareholders are generally represented in the board so they take care of themselves without anyone else helping them.