Which of the following statements is FALSE?
A) If managers have large ownership stakes, then shareholders are more likely to use compensation policies or a stronger board to create the desired incentives.
B) If all else fails, the shareholders' last line of defense against expropriation by self-interested managers is direct action.
C) A shareholder resolution could direct the board to take a specific action, such as discontinue investing in a particular line of business or country, or remove a poison pill.
D) Any shareholder can submit a resolution that is put to a vote at the annual meeting.
Answer: A
You might also like to view...
Service ________ means that a service can only take place at the time the service provider performs it on either the customer or the customer's possessions
A) inseparability B) personalization C) variability D) intangibility E) creativity
Looking in company files and talking with your boss are examples of ________ research methods
Fill in the blank(s) with correct word