In Theory,shareholders Select the Board of Directors,but in Reality,management Effectively

question 128

True/False

In theory,shareholders select the board of directors,but in reality,management effectively selects the directors.

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Definitions:

Contribute Resources

involves providing or dedicating assets or capabilities, such as time, money, or expertise, to support a project, initiative, or cause.

Angel Investor

A wealthy individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity.

Life Cycle

The series of stages through which something (such as a product, organization, or project) passes during its lifetime, from inception to termination.

Entrepreneurial Organisations

Companies characterized by innovative practices, proactive engagement with marketplace opportunities, and a willingness to take risks for growth.