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Questions and Answers
Which of the following is included in the narrow definition of corporate governance?
Which of the following is included in the narrow definition of corporate governance?
- The relationship between corporate managers and shareholders (correct)
- The relationship between the corporation and all of its stakeholders
- The sets of laws and regulations that enable corporations to attract capital
- The voluntary private-sector practices that enable corporations to perform efficiently
What do lawyers tend to focus on when it comes to corporate governance?
What do lawyers tend to focus on when it comes to corporate governance?
- The contractual and fiduciary aspects of the governance function (correct)
- The alignment of incentives
- The relationship between the corporation and all of its stakeholders
- The decision-making objectives and potential for conflict of interest
What do finance scholars and economists think about when it comes to corporate governance?
What do finance scholars and economists think about when it comes to corporate governance?
- The contractual and fiduciary aspects of the governance function
- Decision-making objectives, potential for conflict of interest, and alignment of incentives (correct)
- The sets of laws and regulations that enable corporations to attract capital
- The relationship between the corporation and all of its stakeholders
What is encompassed by broader descriptions of corporate governance?
What is encompassed by broader descriptions of corporate governance?
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What do management consultants typically consider when it comes to corporate governance?
What do management consultants typically consider when it comes to corporate governance?
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