The major issue embedded in the structure of modern corporations that has contributed to the corporate governance problem has been

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The separation of ownership from control is the major issue embedded in the structure of modern corporations that has contributed to the corporate governance problem. This means that the owners of the corporation (shareholders) are not the same as the managers who run the company. As a result, the interests of the shareholders and the managers may not always align, leading to potential conflicts and problems in corporate governance. This issue has been identified as the root cause of problems such as excessive executive compensation, lack of accountability, and poor decision-making by corporate managers.

The Major Issue Embedded in the Structure of Modern Corporations