In Light of Industry-Based Considerations, Governances Practices Need To

question 57

Multiple Choice

In light of industry-based considerations, governances practices need to:

• A)​Follow universal best practices.
• B)​Increase the number of outside directors for firms in high-growth turbulent industries.
• C) ​Create a fit with the nature of the firm's industry.
• D) ​Move toward CEO duality in slow-growth stable industries.

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Definitions:

Individualist

A belief or social theory favoring freedom of action for individuals over collective or state control, emphasizing the importance of individual rights and responsibilities.

Authoritarian

Characterizing a mode of governance or political system in which individual freedom is held as subordinate to the power or authority of the state, with little political pluralism.

Globalization

A process leading to the increasing interconnectedness of different parts of the world through economic, cultural, technological, and political exchanges.

Continental Europe

Continental Europe refers to the main landmass of Europe, distinguishing it from the British Isles and other peripheral islands, focusing on countries connected directly to mainland Europe.