Discussion 1: Financial Planning and Agency Conflicts
A. From the scenario, cite your forecasting conclusions (financial data from TFC’s financial statements and forecasted statements) that support TFC’s to expand to the West Coast market. Note: the response has to include specific operational, financial, and forecasted data that support the conclusions.
Speculate as to whether or not the agency conflicts discussed in the scenario could become a roadblock to your conclusions. What are the reasons for your response?
B. What are two (two) desired characteristics of a board of directors? Provide support for your response by explaining how these characteristics usually lead to effective corporate governance