Which of the Following Statements Is False

question 16

Multiple Choice

Which of the following statements is false?

• A) When the CEO is also chairperson of the board, the nominating letter offering a seat to a new director comes from her. This process merely serves to reinforce the sense that the outside directors owe their positions to the CEO and work for the CEO rather than for the shareholders.
• B) Over time, most of the independent directors will have been nominated by the CEO. Even though they have no business ties to the firm, they are still likely to be friends or at least acquaintances of the CEO.
• C) Researchers have found the surprisingly robust result that larger boards are associated with greater firm value and performance.
• D) The CEO can be expected to stack the board with directors who are less likely to challenge her.

Comprehend the legal implications of unauthorized signatures and their ratification.

Recognize the conditions under which alterations to promissory notes affect liability.

Understand the roles and liabilities of agents and principals concerning negotiable instruments.

Learn about real and personal defenses applicable to negotiable instruments.

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Definitions:

Caribbean Blacks

People of African descent who are from the Caribbean region, encompassing a diverse range of cultures and identities.

Job Segregation

The division of jobs or occupations into categories based on gender, ethnicity, or other characteristics, leading to inequality.

Homophilous Networks

Social networks composed of individuals who share similar characteristics, beliefs, or behaviors, leading to more cohesive but potentially less diverse interactions.

Racial Minorities

Ethnic groups that are smaller in number than the dominant group in a society, often facing disadvantages or discrimination.