The chief monitoring device available to shareholders is the federal government.

Question

Quizplus · Accepted Answer

The chief monitoring device available to shareholders is not the federal government. Shareholders can monitor a company's performance and actions through financial reports, annual meetings, and proxy voting. They can also hire independent auditors and analysts to review a company's financial statements and practices. Additionally, shareholders can file lawsuits or submit proposals to the company. Government regulations and oversight can also play a role in monitoring companies, but they are not the primary mechanism for shareholder monitoring.

The Chief Monitoring Device Available to Shareholders Is the Federal