Regulatory, & Management ControlCase Summary: 1. In a narrative format, discuss the key facts and

 Regulatory, & Management ControlCase Summary: 1. In a narrative format, discuss the key facts and critical issues presented in the case. Examine the existence of both cooperation and conflict between the government and AIG in 2008. 2. What role does corporate culture play in risk-taking and accountability? What about executive compensation? What other factors play a role in the accountability issues of AIG? 3. Compare the costs and benefits of regulation. In your opinion, do the benefits outweigh the costs or do the costs outweigh the benefits. What are the advantages and disadvantages of deregulation. Instructions:questions should be answered individually with a combined word count minimum of 750... I prefer closer to 1000 words.When you combine all of the sections in a word count you must post a minimum of 750 words total. Some of the specific concepts you could have addressed in your analysis or recommendations might have included the shareholder or stakeholder model of corporate governance. What impact might shareholder activism, social investing, or investor confidence have in this case study? Should there be different internal or external audits, control systems, or risk management in place? What about identifying some of the laws and regulations identified in Chapter 4 that AIG may have violated? A minimum of two references required. You may use the textbook for one of the two. The text book is attached to this email.