How do agency problems occur?

What is an agent? How do agency problems occur? Give a business example and explain how agency problems can be avoided (or remedied if they have already developed). (Hint: Consider whose interests the agent is duty-bound to pursue, and what might occur if that duty is not obeyed).

Define the term corporate social responsibility. Find an example from recent news events of a company action that was legal but not socially responsible in your opinion. Defend your example on the basis of your definition

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