What is the difference between inside, gray, and outside directors?
What will be an ideal response?
Inside directors are employees, former employees, or family members of employees. Gray directors are people who are not as directly connected to the firm as insiders are, but who have existing or potential business relationships with the firm. For example, bankers, lawyers, and consultants who are already retained by the firm, or who would be interested in being retained may sit on a board. Thus their judgment could be compromised by their desire to keep the CEO happy. Finally, all other directors are considered outside (or independent) directors and are the most likely to make decisions solely in the interests of the shareholders.
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Store location planners look at a store's ________, the geographic zone that accounts for the majority of its sales and customers
A) trade area B) microenvironment C) primary market D) traffic paths E) target market
In a single-channel, single-phase system, reducing the service time only reduces the total amount of time spent in the system, not the time spent in the queue
Indicate whether the statement is true or false