The System of Corporate Governance Used in Germany and Japan

question 24

Multiple Choice

The system of corporate governance used in Germany and Japan relies on ______.

• A) a patriarchal top management team
• B) a separate division for the Treasury and the Controller
• C) concentrated bank ownership and bank monitoring of the management team
• D) dispersed equity ownership and a relatively independent management team
• E) None of the above

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Definitions:

Recessions

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Personal Accountability

Personal accountability is the self-imposed responsibility of an individual to own their decisions, actions, and outcomes, and to openly acknowledge and learn from mistakes and successes.

Corporate Misdeeds

Wrongful or illegal actions committed by companies or their representatives.

Science

The systematic study of the structure and behavior of the physical and natural world through observation and experiment.