Continuing the discussion on types of governance mechanisms, this lecture reinforces the topic with a case study of corporate governance failure. It also delves into the intriguing topic of managerial defense tactics. However, the main focus of exploration here is "Corporate Governance 2.0," as outlined in a paper by G. Subramanian published in Harvard Business Review. This concept highlights various pitfalls of current corporate governance practices and proposes necessary changes to evolve into corporate governance 2.0.