Explain the Recent Concerns for the Independence of the Board

question 86

Essay

Explain the recent concerns for the independence of the board of directors.

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Definitions:

Discretionary Responsibility

Actions taken by a company that are purely voluntary and guided by its desire to make social contributions not mandated by economics, law, or ethics.

Termination-At-Will

An employment arrangement where either the employer or the employee can end the employment relationship without any prior notice and for any reason, except for those prohibited by law.

Union Participation

The involvement or membership of workers in a labor union, which represents their interests in negotiations with employers.

Sales Personnel

Employees or members of an organization responsible for selling its products or services to customers.