14. Corporate Boards of Directors a. Arrange lines of credit for companies b. Must attend at least 2 of the Board meetings every year c. Are elected by Shareholders and appoint top management d. Must never be paid, but must always volunteer for the position 15. Leverage, the use of debt in capital structure, a. Increases the variability of EPS and ROE b. Is necessary to comply with banking laws c. Is so risky, most corporations only raise money by selling stock d. Can only increase the NPV and IRR of a real estate deal