7. The ultimate control of the corporation rests with the board of directors.

Q: The agency problem underlies the need for sound corporate governance. In this context, the 'agents'…

A: The agency problem is a conflict of interest inherent in any relationship where one party is…

Q: Explain Stakeholder Theory. Discuss the roles play by the board of directors in the application of…

A: Stakeholders are people that are directly related to the firm. These include shareholders,…

Q: What is interlocking boards of directors?

A: Interlocking boards of directors: Interlocking directorates could be a corporate movement in which a…

Q: Explain the role of agency conflicts between managers, shareholders, and bondholders in corporate…

A: In simple term agency problem refers to the conflict of interest between the interest of the…

Q: Analyse the potential conflict of interest in modern corporations due to agency conflicts and their…

A: Conflict between shareholder and managers are called the agency conflict. This conflict occur…

Q: Which of the following is NOT a dimension of corporate governance:     Select one: a. Suppliers…

A: Corporate Governance Corporate governance is a structure or a system of organization's rules,…

Q: Which is the party that plays the central role in the due diligence process of a corporate proposal?…

A: The due diligence process of a corporate proposal, the party that typically plays the central role…

Q: If the corporation is considered as de facto, who can question its existence?   Board of Directors…

A: When corporation is considered as de facto, it means that corporation exist even though it may not…

Q: hat is the difference between internal corporate governance to external corporate governance in…

A: Internal corporate governance: Internal corporate governance controls monitor activities and then…

Q: A company's "Board of Directors" is elected by that company's

A: A board of directors is essentially a panel of people who are elected to represent shareholders.…

Q: The following corporations are governed by the Revised Corporation Code, except: * A. Stock…

A: Corporation- A corporation is an organization registered under any corporation act which makes its…

Q: What is the difference between a public and a private corporation? Provide an example of each.

A:

Q: 27) Inder the cornor

A: Stockholders are the people associated with the company but have a separate entity so they are…

Q: Board of Director

A: Correct Answer :- D Board  of Director.

Q: These are the persons elected and designated by the shareholders who are responsible for the…

A: Company although owned by various owners is controlled and managed by a few selected individuals who…

Q: briefly describe the responsibilities of the Board of Director

A: Governance committee is for looking governance in company. Board of directors who guide and govern…

Q: What are the roles and responsibilities of independent members of the board of directors with…

A: Independent members of the board of directors play a critical role in risk management and corporate…

Q: In what way Corporate governance is being applied in a government agency?

A: The corporate governance of the government authorities, through the provision of public services,…

Q: Describe the basic characteristics of a corporation.

A: Corporation: It can be defined as a legal organization that has a separate entity from its owners…

Q: WHAT IS THE GOAL OF FINANCIAL MANAGEMENT IN A CORPORATION

A: The goal of financial management in a corporation is to maximize shareholder wealth or maximize the…

Q: escribe the necessity, purpose and potential makeup of a board of director

A: For public companies having a proper board of directors is important. This is because public…

Q: . It is the governing body in a non-stock Corporation. *   A. Corporators B. Board of Directors…

A: Solution concept company with stock                 Company with stock means the company having the…

Q: Why is it that a President of a One Person Corporation cannot be at the same time be the Treasurer…

A: OPC stands for One Person Corporation which is defined as the single stockholder corporation who…

Q: which of the following is a control right? shareholders right to elect the members of the board of…

A: Board of directors: Board of directors is a chosen cluster of persons that signify shareholders. The…

Q: Write T or F. Then briefly explain. In a corporation, minority shareholders are compliant to the…

A: solution concept Minority shareholders means the shareholders who have less than 50% stake They…

Q: The system by which corporations are managed and controlled are called as a. Corporate Governance b.…

A: It is very important to manage and control the corporations by checking the errors as well as…

Q: Explain the Steps in the Creation of a Corporation?

A: Corporation: It refers to a business form which is established as a separate legal entity.…

Q: How does the Model Business Corporation Act affect the way corporations operate?

A: Corporation: A business concern where there is a separate legal entity, and are owned by…

Q: Governance issues include the following except;

A: The corporate governance represents the rules and practice by which the company would be controlled…

Q: Stockholders elect a group of members from among them to manage the affairs of the Corporation, this…

A: The board of directors are the group of individuals whose responsiblity is  manage the affair of the…