Role and responsibilities of the board of directors
The obligation the board of directors has
What is "to approve all decisions that might affect the long-term performance of the corporation"?
Another name for inside directors
What is management directors?
Have more companies become public or private after the introduction of Sarbanes-Oxley Act?
What is private?
What is the mandatory retirement age?
What is 72?
The third responsibility that the textbook and Nick gave for top managers
What is organizational welfare?
Spencer Stuart's third board of directors responsibility
The agency theory states problems occur within businesses because _____ will not take responsibility for their own actions unless they have stock within the business
What is top managers?
What was the #1 company from the list of the World's Best Companies in 2024?
What is Apple?
Why are there smaller boards?
What are greater efficiency and specialized expertise?
What term matches the following statement, "description of what the company is capable of becoming"
What is strategic vision?
The role of the board of directors in strategic management is to carry out three basic tasks
What is to monitor, evaluate and influence, and to initiate and determine?
The kind of relationship corporations have between board size and firm profitability
What is negative?
What was one of the goals of the Sarbanes-Oxley Act?
What is promote and formalize greater board independence and oversight or protect shareholders from the excesses and failed oversight that characterized criminal activities?
What type of evaluation assessment is focused on both group and individual director performance?
What is board evaluation?
The 3 key functions of executive leadership
What is direction, culture setting, and decision-making?
The smaller the corporation.....
What is the less active its board of directors is in strategic management?
Should executives be mostly insiders or outsiders to try and avoid the bias of the agency theory?
What is outsiders?
What does SEC stand for?
What is securities and exchange commission?
Stock ownership requirements: Shareholders demand directors and top executives hold _____ _____
What is significant equity?
What is the first responsibility of the strategic planning staff?
What is identify and analyze companywide strategic issues?
The country that faces more than 100 provincial and federal laws governing the director liability
What is Canada?
How many company's share a leading director in an interlocking directorate?
What is 2+ companies?
Who is the CEO Alyssa referred to when talking about CEO's holding stock with extra votes?
Who is Mark Zuckerberg?
Anti-takeover measures: Elimination of ______ defenses like staggered boards and poison pills
what is outdated?
Which is NOT a key element of strategic vision?
-Communicates a clear direction for growth and evolution
-Tries to stop stakeholders from aligning themselves with the company's goals
-Describes what the organization aspires to become
What is tries to stop stakeholders from aligning themselves with the company's goals?