While the Corporate Governance Problem Is Not Confined to the United

question 88

Multiple Choice

While the corporate governance problem is not confined to the United States,

• A)it can be a much more serious problem in many other parts of the world, where legal protection of shareholders is weak or nonexistent.
• B)it has reached its high point in the United States.
• C)the U.S. legal system, with lawsuits used only as a last resort, ensured that any conflicts of interest will soon be a thing of the past.
• D)none of the above

---

Definitions:

William Lloyd Garrison

An American abolitionist, journalist, and social reformer best known for his editorship of the anti-slavery newspaper "The Liberator".

Gag Rule

Any rule that prohibits public discussion of a particular topic, famously applied in the U.S. Congress to prevent debate on anti-slavery petitions from 1836 to 1844.

Antislavery Petitions

Antislavery petitions were formal requests submitted to legislative bodies, especially during the 18th and 19th centuries, calling for the abolition of slavery and the slave trade.

Seneca Falls Convention

A landmark meeting held in 1848 in Seneca Falls, New York, regarded as the first women's rights convention, instrumental in initiating the women's suffrage movement in the United States.