Examlex
Which of the following adages has the most empirical support?
Majority Vote
A decision-making rule in which the option that receives more than half of the votes amongst all options is chosen.
Inside Directors
Members of a company's board of directors who are also part of the company's management team, often holding executive positions.
Outside Directors
Members of a company's board of directors who are not part of the company's management and are typically brought in to provide independent oversight.
Preferred Stock
Stock that conveys preferences to its holders with respect to assets and dividends.
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