1. Find recent news covering issue(s) related to failing corporate governance mechanism(s) at a specific company (WSJ, Bloomberg, Forbes would be the recommended sources to search) and:
a) briefly explain the nature of the issue (what happened, why and what are the implications to the shareholders and other stakeholders in the company).
b) your proposed solution to this issue. What can be done in the future to avoid similar problems?

2. In general, what would you recommend to improve corporate governance in the US in general? More regulation from the government or let the markets fix it (via shareholder activism, proper compensation models etc.)?

Before you formulate your response, take a look at the following:
a. General trends in Corporate Governance in 2018 (from Harvard Law School blog) — CG_Trends_2018
b. Increasing pay of Directors (WSJ). Recent trends in tweaking BoD’s compensation — Pay for Directors – WSJ
c. What is CG? This is an older article, but an excellent and simple explanation of corporate governance and some statistics on CG in the US — About CG – WSJ