Ownership Concentration & Board of Directors Category
International Corporate Governance
100
Governance Mechanisms designed to ensure decisions are made in the best interests of who?
Stakeholders
100
An external governance mechanism that becomes active when a firm's internal control fails
What is market for corporate control
100
The primary purpose of a firm is to do this
What is maximize the wealth of the shareholders (owners)
100
This is made up of both the number of large-block shareholders and the total percentage of shares they own
What is Ownership Concentration
100
Corporate governance in this country includes a two-tiered board structure
What is Germany
200
Customers are an example of what kind of Stakeholder?
Product Market
200
Lump sum payments of cash that are distributed to a select group of senior executives when the firm is acquired in a takeover bid
What is golden parachute
200
The owner(s) of a firm is/are
What is the shareholders
200
What percentage of a corporation's issued shares do large-block shareholders typically own?
5%
200
This country has a bank-based financial and corporate governance structure
What is Japan or Germany
300
Poor Governance Mechanisms and Poor Ethical Behavior were demonstrated in this company's demise
What is Enron
300
Lawsuits that helps target companies stall hostile attacks.
What is litigation
300
The set of mechanisms used to manage the relationship among stakeholders and to determine and control the strategic direction and performance of organizations
What is corporate governance
300
Institutional owners are financial institutions such as what
What is stock mutual funds and Pension funds
300
In this country, the state still dominates the strategies employed by most firms by direct or indirect controls
What is China
400
Implementation of Governance Mechanisms help firms achieve strategic competitiveness and earn what?
Above-average returns
400
Preferred stock in the merged firm offered to shareholders at a highly attractive rate of exchange
What is poison pill
400
The seeking of self-interest with guile (i.e., cunning/deceit) by an individual is known as
What is managerial opportunism
400
Who elect the Board of Directors?
Stockholders in the company
400
This country has a market-based financial and governance structure
What is The U.S.
500
Your book lists one company that in 2009 was given the highest possible rating for its corporate governance, name that company
What is Cummins Inc.
500
Dilution of stock, making it more costly for a bidder to acquire
What is capital structure change
500
Any individual with a financial interest in the firm- such as shareholders, customers, employees- are known as
What is stakeholders
500
What classification of a board member is the CEO and other top-level managers?
Insider
500
This is a group of firms tied together by cross-shareholdings
What is This is a group of firms tied together by cross-shareholdings