Part I - Corporate Governance
There are many types of corporate governance from internal to external governance, each with its own internal and external control mechanisms. External governance mechanisms, for instance, include the separation of ownership from control: an example of this would be a company that sells shares to shareholders; the latter have equity in the company but the managers are separate from shareholders and specialization of tasks is required to maximize efficiency. Internal governance mechanisms would include direct monitoring, executive compensation and bonding.
In the USAF, corporate governance works both internally and externally with oversight committees delegated the responsibility of overviewing the USAF as specialized role players facilitate the achievement of strategic objectives. Meanwhile internal structures also exist to provide direct monitoring and compensation (through promotion) of individuals who are tasked with administrating over lower ranking personnel while answering to their own higher ranking officers.
The governance mechanisms employed by the USAF enhance the organization because they allow for a dynamic interplay of options that gives the USAF the ability to govern itself internally while answering to and showing accountability to the public through Congress and...
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