In the United States,it is not uncommon for the same person to serve as both CEO and chairman of the board.
A) This situation must not have much conflict of interest since it is common.
B) This situation has a built-in conflict of interest.
C) This is only legal if that individual owns a controlling number of shares in the firm.
D) none of the options
Correct Answer:
Verified
Q44: Debt can reduce agency costs between shareholders
Q45: In the United States,it is well documented
Q46: The board of directors may grant stock
Q47: Suppose you are the CEO of company
Q48: When designing an incentive contract,
A)it is important
Q51: In the United States,
A)boards of directors are
Q52: For firms with free cash flows,
A)debt can
Q53: The goal of greater accounting transparency
A)is to
Q54: Concentrated ownership of a public company
A)can be
Q99: Benetton,an Italian clothier,is listed on the New
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents