The characteristic of corporations which make the need for a system to check on manager behavior. Introduction: Corporate is a particular legal entity that separates from its owners. In this form of business, the owners specifies certain governing rules to undertake the business in a contract knows as the articles of incorporation. The board of director of a corporate consists of three members which are as follows: Gray directors outside directors Independent directors

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Answer 1

Question

Chapter 29, Problem 1P

Summary Introduction

To discuss: The characteristic of corporations which make the need for a system to check on manager behavior.

Introduction:

Corporate is a particular legal entity that separates from its owners. In this form of business, the owners specifies certain governing rules to undertake the business in a contract knows as the articles of incorporation. The board of director of a corporate consists of three members which are as follows:

Gray directors

outside directors

Independent directors

Expert Solution & Answer

Explanation of Solution

The corporation is a legal entity who separates the ownership and management responsibilities of an enterprise. Here, the people who control the management operations and one who have invested/spent money in the corporation are not the same people. This separation between the management and investors of a corporation can create conflict between them. As a result of the conflict between the investors and managers, there is a need that arises for the investors to develop a system mainly for checking the behavior of managers. This system is corporate governance system.

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Students have asked these similar questions

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Answer 2

Question

Chapter 29, Problem 1P

Summary Introduction

To discuss: The characteristic of corporations which make the need for a system to check on manager behavior.

Introduction:

Corporate is a particular legal entity that separates from its owners. In this form of business, the owners specifies certain governing rules to undertake the business in a contract knows as the articles of incorporation. The board of director of a corporate consists of three members which are as follows:

Gray directors

outside directors

Independent directors

Expert Solution & Answer

Explanation of Solution

The corporation is a legal entity who separates the ownership and management responsibilities of an enterprise. Here, the people who control the management operations and one who have invested/spent money in the corporation are not the same people. This separation between the management and investors of a corporation can create conflict between them. As a result of the conflict between the investors and managers, there is a need that arises for the investors to develop a system mainly for checking the behavior of managers. This system is corporate governance system.

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Answer 3

Question

Chapter 29, Problem 1P

Summary Introduction

To discuss: The characteristic of corporations which make the need for a system to check on manager behavior.

Introduction:

Corporate is a particular legal entity that separates from its owners. In this form of business, the owners specifies certain governing rules to undertake the business in a contract knows as the articles of incorporation. The board of director of a corporate consists of three members which are as follows:

Gray directors

outside directors

Independent directors

Expert Solution & Answer

Explanation of Solution

The corporation is a legal entity who separates the ownership and management responsibilities of an enterprise. Here, the people who control the management operations and one who have invested/spent money in the corporation are not the same people. This separation between the management and investors of a corporation can create conflict between them. As a result of the conflict between the investors and managers, there is a need that arises for the investors to develop a system mainly for checking the behavior of managers. This system is corporate governance system.

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Answer 4

Question

Chapter 29, Problem 1P

Summary Introduction

To discuss: The characteristic of corporations which make the need for a system to check on manager behavior.

Introduction:

Corporate is a particular legal entity that separates from its owners. In this form of business, the owners specifies certain governing rules to undertake the business in a contract knows as the articles of incorporation. The board of director of a corporate consists of three members which are as follows:

Gray directors

outside directors

Independent directors

Expert Solution & Answer

Explanation of Solution

The corporation is a legal entity who separates the ownership and management responsibilities of an enterprise. Here, the people who control the management operations and one who have invested/spent money in the corporation are not the same people. This separation between the management and investors of a corporation can create conflict between them. As a result of the conflict between the investors and managers, there is a need that arises for the investors to develop a system mainly for checking the behavior of managers. This system is corporate governance system.

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Answer 5

Chapter 29, Problem 1P

Summary Introduction

To discuss: The characteristic of corporations which make the need for a system to check on manager behavior.

Introduction:

Corporate is a particular legal entity that separates from its owners. In this form of business, the owners specifies certain governing rules to undertake the business in a contract knows as the articles of incorporation. The board of director of a corporate consists of three members which are as follows:

Gray directors

outside directors

Independent directors

Expert Solution & Answer

Explanation of Solution

The corporation is a legal entity who separates the ownership and management responsibilities of an enterprise. Here, the people who control the management operations and one who have invested/spent money in the corporation are not the same people. This separation between the management and investors of a corporation can create conflict between them. As a result of the conflict between the investors and managers, there is a need that arises for the investors to develop a system mainly for checking the behavior of managers. This system is corporate governance system.

Answer 6

Chapter 29, Problem 1P

Summary Introduction

To discuss: The characteristic of corporations which make the need for a system to check on manager behavior.

Introduction:

Corporate is a particular legal entity that separates from its owners. In this form of business, the owners specifies certain governing rules to undertake the business in a contract knows as the articles of incorporation. The board of director of a corporate consists of three members which are as follows:

Gray directors

outside directors

Independent directors

Expert Solution & Answer

Explanation of Solution

The corporation is a legal entity who separates the ownership and management responsibilities of an enterprise. Here, the people who control the management operations and one who have invested/spent money in the corporation are not the same people. This separation between the management and investors of a corporation can create conflict between them. As a result of the conflict between the investors and managers, there is a need that arises for the investors to develop a system mainly for checking the behavior of managers. This system is corporate governance system.

Answer 7

Chapter 29, Problem 1P

Summary Introduction

To discuss: The characteristic of corporations which make the need for a system to check on manager behavior.

Introduction:

Corporate is a particular legal entity that separates from its owners. In this form of business, the owners specifies certain governing rules to undertake the business in a contract knows as the articles of incorporation. The board of director of a corporate consists of three members which are as follows:

Gray directors

outside directors

Independent directors

Answer 8

Expert Solution & Answer

Explanation of Solution

The corporation is a legal entity who separates the ownership and management responsibilities of an enterprise. Here, the people who control the management operations and one who have invested/spent money in the corporation are not the same people. This separation between the management and investors of a corporation can create conflict between them. As a result of the conflict between the investors and managers, there is a need that arises for the investors to develop a system mainly for checking the behavior of managers. This system is corporate governance system.

Answer 9

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Answer 10

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Answer 11

Ch. 29.1 - Prob. 1CC Ch. 29.1 - Prob. 2CC Ch. 29.2 - Prob. 1CC Ch. 29.2 - Prob. 2CC Ch. 29.3 - What is the main reason for tying managers...Ch. 29.3 - Prob. 2CC Ch. 29.4 - Prob. 1CC Ch. 29.4 - Prob. 2CC Ch. 29.5 - Prob. 1CC Ch. 29.5 - Prob. 2CC

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