State Three of BusinessWeek's "Principles of Good Governance" (Rules for Boards

question 61

Essay

State three of BusinessWeek's "principles of good governance" (rules for boards of directors).

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Definitions:

Union Representative

An individual elected or appointed to represent and defend the interests of union members.

Laid Off

The temporary or permanent dismissal of employees from their job due to business-related reasons like cost-cutting or downsizing.

Illegal Strike

A work stoppage by a group of workers that is not authorized by the relevant labor laws or violates a binding labor agreement.

Union Shop

A workplace where employees are not required to join the union in order to be hired, but must join within a certain period of being employed and remain members as a condition of employment.