To vote on members for the board of directors to vote

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To vote on members for the board of directors. To vote on major mergers and acquisitions. To vote on changes in the corporate charter and proposals. To vote on who will become chief executive officer (CEO). 3 points QUESTION 18 1. How are directors (members of corporate boards) selected? Shareholders elect the directors from a list of candidates. The company's CEO appoints the directors. The nominating committee elects the directors. Shareholders with the greatest proportional ownership in the company become directors. 3 points QUESTION 19 1. Which of the following is true about corporate boards?
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Corporate boards average 12 members. About half of the directors are "outside" directors. Only one-third of all companies have at least one woman on their board. About 13 percent of board members are Latino. 3 points QUESTION 20 1. A reason for institutions becoming more assertive in promoting the interests of their member investors is: It is difficult for institutions to sell their holdings. Institutional investors are rarely able to influence management policy. Institutions have greater flexibility in selling stocks. Institutions have nominated members on the finance committee of the board of directors. 3 points QUESTION 21 1. Which of the following is a key feature of effective boards of directors? Hold regular meetings without the CEO present. Fill all important positions on the board with managers with insider knowledge of the firm. Combine the duties of the board chairman and the chief executive. Ensure that no outside members are included on the board. 3 points QUESTION 22 1. Which of the following arguments supports the concept of high executive compensation? Inflated executive pay helps U.S. firms compete with foreign rivals. High executive pay drives away talented middle managers who feel unfairly compensated. High salaries provide an incentive for innovation and risk-taking. There is currently a surplus of qualified executive candidates. 3 points
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QUESTION 23 1. Which of the following is not an instance of "insider trading"? An auditor using nonpublic information about the company to invest in its stock. A marketing executive briefing stock analysts on the company's sales performance. The CEO's cousin buying stock after the CEO mentioned a pending offer to buy the company.
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