1.Which of the following is not an important factor in determining shareholder interests?

-investment horizon

-objectives

-activity level

-extent of direct influence

2. Which of the following is not required disclosures in the United States?

-a company's blockholders

-a registered institutional investor's proxy voting policies

-a registered institutional investor's proxy votes for all shareholder ballot items

-a shareholder activist's proxy contest cost

3. Which of the following incurs the cost of shareholder actions such as proxy contests and proposals, thereby resulting in a free-rider problem?

-the board

-proxy advisory firms

-activist investors

-all shareholders

4. Which of the following is the largest sponsor of proxy resolutions?

-institutional investors

-pension funds

-individual investors

-hedge funds

5. Which of the following does not reflect a concern about the quality of voting advice provided by proxy advisory firms?

-two proxy advisory firms together have 97 percent market share

-the SEC views third-party agency disclosures as transparent and free from conflicts of interest

-propagation of best practices

-these firms also provide consulting services to companies they evaluate

6. Which of the following best describes the proxy voting process in the United States?

-complex

-is not viewed as a valuable exercise by investors

-used as the primary vehicle of corporate engagement

-used by retail investors more than institutional investors

7. Which of the following is a characteristic associated with a family-controlled corporation compared to a typical publicly-listed corporation?

-have less agency problems

-have higher earnings quality

-have better employee relations

-are more prepared for management succession

8. Which of the following is a characteristic associated with a venture-backed corporation compared to a typical publicly-listed corporation?

-pay less equity-based compensation

-have more independent directors

-offer high reward but also higher risk

have larger boards

9. Which of the following is a characteristic associated with a private equity-owned corporation compared to a typical publicly-listed corporation?

-have higher leverage

-adhere to listing exchange governance standards (e.g., NYSE)

-have larger boards

-have more independent directors

10. Which of the following is a characteristic associated with a nonprofit organization compared to a typical publicly-listed corporation?

-have less agency problems

-have larger boards

-have higher executive compensation

-have higher director compensation

11.Which of the following corporate governance theories rely on an efficient market for corporate information in order for shareholders to mitigate agency problems?

-Agency theory

-Managerial Hegemony

-Stewardship Theory

-Stakeholder Theory

12. In the United States, investor interests are protected by:

-the stock exchanges (e.g., NYSE, NASDAQ)

-Legislation (e.g., SOX, DFA)

-Accounting standard setters (e.g., FASB)

-Securities and Exchange Commission

13. Which corporate governance characteristic is NOT as prevalent in Germany compared to the United States?

Group of answer choices

two-tiered boards

co-determination

public shareholder voting rights

financial institution involvement

14.Which of the following is a feature that goes along with concentrated rather than dispersed shareholder ownership structures?

Group of answer choices

capital markets as a disciplining mechanism

less stock trading activity

management of analysts' expectations

shareholders being more litigious

15-Which of the following is not a common, permanent, standing committee in nonprofit organizations?

Group of answer choices

Nominating Committee

Executive Committee

Audit Committee

Compensation Committee