Banks Tend to Have a Higher Proportion of Outside Directors

question 12

True/False

Banks tend to have a higher proportion of outside directors than a typical manufacturing firm.

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Definitions:

Union Shop

A workplace where employees are not required to join the union in order to be hired but must join soon after they begin employment.

Negotiates

The process of discussing something to reach an agreement, especially in business or diplomacy.

Nonunionized Labor Market

A nonunionized labor market is one where labor force participation is not governed by labor unions, which can influence wage levels, working conditions, and job security.

Labor Union

An organization formed by workers in the same sector or industry to negotiate wages, hours, benefits, and working conditions with employers.