Providing safeguards against corruption and incompetence, removing conflict of interest, and improving perceptions of legitimacy are the arguments for: A. combining the roles of CEO and chairman of the board of directors B. separating the roles of CEO and chairman of the board of directors C. implementing outsourcing and offshoring to enter a foreign market D. implementing joint ventures and subsidiaries to enter a foreign market.

Providing safeguards against corruption and incompetence, removing conflict of interest, and improving perceptions of legitimacy are the arguments for: A. combining the roles of CEO and chairman of the board of directors B. separating the roles of CEO and chairman of the board of directors C. implementing outsourcing and offshoring to enter a foreign market D. implementing joint ventures and subsidiaries to enter a foreign market.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter13: Sustainability Reporting

Section: Chapter Questions

Problem 3MC: Good corporate citizenship ________. A. Is expensive to implement and does not guarantee returns B....

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Which of the following are affected by the quality of an organization’s internal controls? a. Reliability of financial data. b. Ability of management to make informed business decisions. c. Ability of the organization to remain ¡n business. d. All of the above. e. Only a and c.
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Corporate governance is defined as "the set of laws, rules, and procedures that influence the company's operations and the decisions its managers make." Agency costs are "the reductions in a company's value due to actions by agents (managers), including the costs principals (shareholders) incur (such as monitoring costs) trying to modify their agents' behaviors." Corporate governance provisions are set in place as way to help minimize the agency conflict within a firm. Not one provision alone completely eliminates the potential for all agency conflict. As a result, multiple governance provisions are typically in place at a firm to help minimize the risk. The book lists 5 common internal governance provisions: monitoring and discipline (threat to fire) by the board of directors charter provisions and bylaws that affect the likelihood of hostile takeovers (remember that in general: shareholders like hostile takeovers, managers do not) compensation plans capital structure choices…
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