The two most important issues in corporate governance are (1) the rules that cover the board's ability to fire the CEO and (2) the rules that cover the CEO's ability to remove members of the board.

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Corporate governance encompasses a broader range of issues beyond the firing of the CEO and the CEO's ability to remove board members. It includes principles and policies that govern the relationship between management and shareholders, board responsibilities, executive compensation, audit processes, and shareholder rights, among others.

The Two Most Important Issues in Corporate Governance Are (1)