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The value of a firm depends on corporate governance practices that protect the shareholders (investors). Greater investor shareholder protection lowers the cost of capital. Thus, the set of governance practices, rules, and regulations that promote private business development also promote firm value. Topics include shareholders rights, separation of ownership and control, agency theory, resolution of conflicts of interest, corporate pyramidal structures, hostile takeovers and the failure of the market for corporate control, mutual fund governance, executive compensation policies, boardroom structure and practices, corporate transparency, responsibility, accountability and fair and equitable treatment of all shareholders and the value of the shareholder vote.