Executive Compensation Is Considered an External Corporate Governance Mechanism Because

question 34

True/False

Executive compensation is considered an external corporate governance mechanism because it determined in part by market forces.

---

Definitions:

Democracy

A form of government where power is held by the people, either directly or through elected representatives.

Protestantism

A branch of Christianity that originated with the Reformation, characterized by emphasis on the authority of the Bible and salvation through faith.

Literacy Skills

The abilities related to reading and writing, enabling a person to comprehend, decode, and communicate through written language.

Religious Orders

Communities bound by vows, especially within the Christian tradition, with a commitment to live a life of prayer, obedience, and service.