Which of the following statements is false?
A) When the CEO is also chairman of the board, the nominating letter offering a seat to a new director comes from her. This process merely serves to reinforce the sense that the outside directors owe their positions to the CEO and work for the CEO rather than for the shareholders.
B) Over time, most of the independent directors will have been nominated by the CEO. Even though they have no business ties to the firm, they are still likely to be friends or at least acquaintances of the CEO.
C) Researchers have found the surprisingly robust result that larger boards are associated with greater firm value and performance.
D) The CEO can be expected to stack the board with directors who are less likely to challenge her.
Correct Answer:
Verified
Q6: Corporate governance is best defined as:
A)the system
Q8: Which of the following statements is false?
A)
Q9: Which of the following is not a
Q11: Which of the following statements is false?
A)
Q13: Directors who are employees,former employees,or family members
Q15: Which of the following statements is false?
A)
Q17: Directors who are not as directly connected
Q17: Which of the following statements is false?
A)
Q19: A board of directors is said to
Q20: Directors who are not employees,former employees,or family
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