Think back to a job you’ve had. Briefly describe the goals and objectives of owners (principals or shareholders) of the firm and the core functions of the managers (agents) of the firm. Highlight any sources of conflicts or moral hazard within the firm. Where did the goals of the owners diverge from the objectives of the managers? What rules, constraints, or governance structures were put in place to mitigate these conflicts? Are there any other ideas you would suggest to mitigate the principal-agent problem?