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CORPORATE GOVERNANCE / STRATEGIC MANAGERS
Structurally dominated by its controlling shareholder, the company failed to maintain proper accounting, internal controls, and financial discipline. Meanwhile ineffective private and public enforcement also led to the lack of corporate governance discipline. Corporate governance remained a secondary priority behind growth and expansion. In the end, Daewoo's boards of directors, officers, auditors, shareholders or stakeholders alike did not act as diligent monitors that provided oversight over the controlling shareholder.
C. EXTERNAL ENVIRONMENT: OPPORTUNITIES AND THREAT
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