Internal governance mechanisms employed by boards of directors include "carrots" and "sticks."

Name: Internal governance mechanisms employed by boards of directors include "carrots" and "sticks."
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Question

Quizplus · Accepted Answer

Carrots refer to positive incentives such as bonuses and promotions, while sticks refer to negative consequences such as removing board members or reducing their compensation. These mechanisms are used to ensure that board members act in the best interest of the company and its stakeholders.

Internal Governance Mechanisms Employed by Boards of Directors Include "Carrots