Question 1 When does a corporation need a board of directors? your answers should not exceed 200 words Reading Required Chapter 1. Corporate Governance Context: Constraints and Challenges Textbook: Wheelen, T. L., Hunger, D., Hoffman, A. N., & Bamford, C. E. (2014). Concepts in strategic management and business policy (14th ed.). Upper Saddle River, NJ: Prentice Hall. ISBN-13: 9780133126129 (print), 9780133126433 (e-text)
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Question 1
When does a corporation need a board of directors? your answers should not exceed 200 words
Reading
Required
Chapter 1. Corporate Governance Context: Constraints and Challenges
Textbook: Wheelen, T. L., Hunger, D., Hoffman, A. N., & Bamford, C. E. (2014). Concepts in strategic management and business policy (14th ed.). Upper Saddle River, NJ: Prentice Hall. ISBN-13: 9780133126129 (print), 9780133126433 (e-text)
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- Y9 A- Describe the relationship the board of directors needs with shareholders, management, the community, and employees, in order to sustain a company's success. Please provide the source (references). If you could do in text citation, that would be great. Thank you!The U.S. national stock exchanges require listed companies to havean independent audit committee.a. Describe an audit committee.b. What does it mean for the audit committee members to be “independent”?c. What are the typical functions performed by an audit committee?d. Explain how an audit committee can help an auditor be more independent.e. Describe the nature of the audit firm’s communications with the audit committeeregarding independence issuesWhich of the following is NOT true regarding agency costs and agency problems? Group of answer choices A)The cost of video cameras installed in stores to limit shirking by managers is a direct agency corporation B)A number of features of a modern economy moderate the potential impact of agency costs. C)A store manager purchases a corporate jet without authorization. This is an example of a direct agency cost. D)The potential for agency problems are larger in a corporation than in a sole proprietorship.
- 1.The most essential part of securing venture capital funding is undergoing through ________, which refers to the process of investigating the merits of a potential venture and reviewing the key claims made by the business plan.a. fit diligenceb. due diligencec. prior diligenced. appropriate diligence2.The unique value provided by business angels is:a. they normally invest capital but may not sit on a company's board of directors.b. they are willing to invest a relatively small amount of money.c. they expect a low rate of return on their investment.d. they are willing to invest a significant amount of money.3.Which statement with respect to business angels is not correct?a. Business angels are beneficial because they are eager to make modest investments.b. In an annual basis, business angels invest in more startups than venture capitalists.c. Over the past decade, the number of angel investors has plummeted sharply.d. Business angels usually serve on the boards of directors of the…ABC is a company that processes food for the local market. Within the company, there have been a number of ethical violations. Some top executives have been accused of insider trading, bribing key regulatory officials, and attempting to conceal the alleged distribution of expired products. The company's ethical standards have completely collapsed. The board of directors is extremely concerned about the current state of affairs in the company. State four (4) reasons why employees of ABC may not have reported the ethical violations of the organization. How would the existence of ethical leadership help curb such a situation from recurring?8. STATEMENT I: A sign that will indicate wherein TRUST is lacking among the board members is when the members begin to develop using "back channels" to line managers within the company. This occurs because the leader, like CEO has not provided sufficient and timely information or when the board members are excessively political and have agendas they would like to hide from the CEO. STATEMENT II: In building an effective board, the CEO, the Chairman, the lead director and the board in general need to demonstrate through their actions that they understand the difference of between dissent and disloyalty. This characteristic cannot be legislated, meaning you can not just include in nominating committee rules and regulations or guidelines for director's resumes. It has to be shown that the directors believe in and modelled in their actions. Both Statements I and II are INCORRECT Statement I only is CORRECT Both Statements I and II are CORRECT Statement II only is CORRECT
- Chapter 12 Discussion: Expanding Your Market 1111 unread replies.2222 replies. The Situation: This has to be one of the most depressing annual review meetings you’ve ever sat through. Sure, times have been tough before, but never like this. In the past year, your power-tools company has lost 37 percent market share. Sales have decreased by 64 percent. Profit is down almost 70 percent. You had to lay off one-third of your workforce. And worst of all, it doesn’t look to be getting better anytime soon. Housing sales and construction are at an all-time low, meaning your best customers, contractors, have little work to do and even less money to spend on new tools. “We have to increase sales!” you tell the rest of your management staff. They stare back at you, of course, because everyone knows what needs to be done. They just don’t know how to do it. How do you sell a product when demand is so low? As everyone in the room ponders over this, an intern sitting in the back corner…Chapter 12 Discussion: Expanding Your Market 1111 unread replies.2222 replies. The Situation: This has to be one of the most depressing annual review meetings you’ve ever sat through. Sure, times have been tough before, but never like this. In the past year, your power-tools company has lost 37 percent market share. Sales have decreased by 64 percent. Profit is down almost 70 percent. You had to lay off one-third of your workforce. And worst of all, it doesn’t look to be getting better anytime soon. Housing sales and construction are at an all-time low, meaning your best customers, contractors, have little work to do and even less money to spend on new tools. “We have to increase sales!” you tell the rest of your management staff. They stare back at you, of course, because everyone knows what needs to be done. They just don’t know how to do it. How do you sell a product when demand is so low? As everyone in the room ponders over this, an intern sitting in the back corner…You have recently been hired to be the COO (Chief Operating Office) of a start-up company and your primary goal is to help grow the business. The company reported sales of $2 million last fiscal year. The company currently does not offer trade credits because the majority of its customers use credit cards. In a bid to expand the business, you are asked to determine whether extending trade credits is a good idea. (a) List and explain two factors that will be important for you to make this decision? Meaning, as the COO, what factors do you need to take into consideration if you are planning to start offering trade credit. (b) Given what you know, are you for or against the company offering trade credits.
- in detail, write an essay about which one of the statements you agree or disagree with regarding market efficiency Manager A: “Shareholders will never know our capital budgeting decisions.” Manager B: “We cannot fool shareholders and the market. The market and shareholders will punish the company if bad capital budgeting decisions are made."As a new systems analyst at Premier Financial Services, you are getting quite an education. You report to Mary, the IT manager, who also chairs the systems review committee. Several months ago, the committee rejected a request from Jack, the finance director, for an expensive new accounts payable system, because the benefits did not appear to outweigh the costs. Yesterday, Mary’s boss called her in and asked her to reconsider Jack’s request, and to persuade the other members to approve it. Mary wanted to discuss the merits of the request, but he cut her off rather abruptly. Mary happens to know that Jack and her boss are longtime friends. Mary has confided in you. She is very uncomfortable about the meeting with her boss, and she believes that his request would undermine the integrity of the systems review process. Mary feels it would be unethical to grant preferred treatment just because a friendship is involved. She is thinking of submitting a request to step down as review committee…As a new systems analyst at Premier Financial Services, you are getting quite an education. You report to Mary, the IT manager, who also chairs the systems review committee. Several months ago, the committee rejected a request from Jack, the finance director, for an expensive new accounts payable system, because the benefits did not appear to outweigh the costs. Yesterday, Mary’s boss called her in and asked her to reconsider Jack’s request, and to persuade the other members to approve it. Mary wanted to discuss the merits of the request, but he cut her off rather abruptly. Mary happens to know that Jack and her boss are longtime friends. Mary has confided in you. She is very uncomfortable about the meeting with her boss, and she believes that his request would undermine the integrity of the systems review process. Mary feels it would be unethical to grant preferred treatment just because a friendship is involved. She is thinking of submitting a request to step down as review committee…