Which of the Following Is Recommended to Improve Corporate Governance

question 48

Multiple Choice

Which of the following is recommended to improve corporate governance?

• A)Getting directors involved in the day-to-day management issues of the firm.
• B)Instituting an employee vote to hire or fire the CEO.
• C)Setting up "golden parachutes" for CEOs.
• D)Instituting a "cradle-to-grave" conceptualization of all new products.
• E)Ensuring that directors are clearly separated in their authority from the CEO.

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Definitions:

Infant

A legal term referring to a person who is not yet of the legal age of majority, often considered under 18 years old.

Agent

An individual or entity authorized to act on behalf of another (the principal) in legal or business matters.

Law of Incapacity

Legal principles that determine when an individual lacks the legal ability to perform certain actions, such as entering into a contract, due to reasons like age or mental health.

Insanity

A legal term describing a person's inability to understand the nature of his or her actions or distinguish between right and wrong due to mental illness.