From the scenario, cite your forecasting conclusions that support TFC?s decision to expand to the West Coast market. Speculate as to whether the agency conflict discussed in the scenario could become a roadblock to your conclusions. Provide a rationale for your responseBased on the forecasting conclusions, I support the FTC’s decision to expand to the West Coast market. The forecasting findings predicted a future increase the company?s capability and ability to produce additional products for new markets. The West Coast market is widely recognized for its increased market demand for the products produced by TFC. The decision was strategic in targeting the readily available markets in order to promote the company?s revenues and returns from the new markets. The forecasts also suggested some future increase in the revenues in the company. Thus, the expansion to the West Coast market is strongly aligned with the company?s need to increase its revenues. I strongly believe that the agency conflicts discussed in the scenario among the stakeholders would be a major roadblock in supporting the company?s expansion to the West Coast market. This is because the conflicts will reduce the efforts and commitment towards expanding the company?s production and supply to other markets.1. From the mini case, recommend two (2) desired characteristics of a board of directors. Provide support for your response, citing the ways in which these characteristics usually lead to effective corporate governance. Based on the understanding of the mini case, I would recommend two desired characteristics of a board of directors. These characteristics include individuals who support the board decisions and who maintain loyalty to the organization. The first desired characteristic of the board of directors is to support the board decisions. This helps in promoting cooperation and unity with the organization that is useful in enhancing effective corporate governance. Secondly, the characteristics of loyalty are necessary among the board members. Board members with a higher loyalty are committed and dedicated towards the success of the organization promoting effective corporate governance.ReferencesMehran, Hamid. “Economics of Conflicts of Interest in Financial Institutions”. SSRN Electronic Journal. 2015.Lo and Field (2014). The definition originally appeared in Thompson (1993)
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