Why Would a Large Organization Require Approval by Senior Management

question 31

Essay

Why would a large organization require approval by senior management and/or the board of directors for initiating strategic changes to an organization's compensation strategy?

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Definitions:

Defendant

A party against whom a lawsuit is brought.

Contract Law

A domain of law that governs the creation, execution, and enforcement of agreements between parties.

Corporate Law

Law that governs the formation, financing, merger and acquisition, and termination of corporations, as well as the rights and duties of those who own and run the corporation.

Public Prosecutor

An attorney whose official duty is to conduct criminal proceedings on behalf of the government or the public interest.