Examlex
A well-written _____ establishes a detailed guide to acceptable behavior in an organization.
Minority Shareholders
Individuals or entities that own less than 50% of a company's shares, thereby having less control over company decisions.
Supermajority Voting
The board needs more than a simple majority of directors to vote in favor of an action before the action is possible; for example, it may require a 2/3 or unanimous vote prior to action.
Managerial Discretion
The degree of freedom managers have in making decisions without needing direct approval from higher-ups.
Fraudulent Conduct
Deceptive actions or behavior intended to gain an unfair advantage or to deceive others, often leading to financial or personal loss for the victim.
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