Which problem arises in the separation of ownership & control and explain it?
Principal-Agent-Problem
100
Corporate Governance in this country includes a two-tiered board structure
A) Germany
B) France
C) Canada
A) Germany
100
Name one element of good CG?
- Good board practices
- Control environment
- Transparency disclosure
- Well defined shareholder right
- Board commitment
100
CEO Jeff Skilling & Ken Lay were apart of which Houston Based energy and Service corporation?
Enron
300
What theory do boards in the UK operate on
Shareholder theory
300
How are the two board structures called in the UK and in Germany?
UK: Unitary board
GER: Two-Tier board
300
What percentage of the FTSE 250 have no female board members
A) 20%
B) 50%
C) 65%
B) 50%
300
You're the CEO of Nippon Steel USA, and you have been offered the Chairmanship at its Board in Tokyo; can you accept the offer?
Yes
300
What 89 year old accounting firm was sentenced to death following a major corporate scandal?
Arthur Anderson
500
Which of the theories was voted the best and widely accepted theory in 2012?
There is no widely accepted theory but possibly soon...
500
What does the neoclassical approach assume in terms of ownership and control
That firms are owner-controlled, not by shareholders
500
In 2007, this company was ranked #1 “most admired securities firm” by fortune Magazine before they hid over $50B in loans disguised as sales.
A) American Insurance Group (AIG)
B) Freddie Mac
C) Lehman Brothers
C) Lehman Brothers
500
I am a minority shareholder in Exon Mobile, what element would determine the extent to which I can exercise my rights in the corporation?
Well defined shareholder rights
500
Following the Worldcom Scandal, US congress passed which Act that introduced a new set of business regulations?