Legal obligations of directors and their role in corporate/capitalist system of corporate Governance.

This case provides for a discussion of the legal obligations of directors and their role in our corporate/capitalist system of corporate Governance. Using the information provided in the case study, explain, in a 3 to 5 page paper, the problems addressed in the paper, the issues facing board members and the considerations in the selection process. For the Jack Wright case, the following questions should be answered (at a minimum): 1,) What actions should the committee take, if any? Should their be some punishment? 2.) What are possible consequences for taking or not taking action? 3.) How are stakeholders affected? What stakeholders are affected the most? 4.) What damage, if any, will the bank have to deal with?