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Formal Labor Relations
Refers to structured and legally governed interactions between employers, employees, and their representatives.
Multinational Corporation
A company that operates in multiple countries, managing production or delivering services in more than one country.
Centralized
A structure or system where decision-making authority is concentrated at a single point or in a single organizational entity.
Shareholder Value Model
A corporate governance approach that prioritizes maximizing the value for shareholders through strategies, policies, and business decisions.
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