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In the United States: Select one: a. Boards of directors are legally responsible for representing the interests of the shareholders. b. Due to the diffused
In the United States:
Select one:
a. Boards of directors are legally responsible for representing the interests of the shareholders.
b. Due to the diffused ownership structure of the public company, management often gets to choose board members who are likely to be friendly to management.
c. There is a correlation between under-performing firms and boards of directors who are not fully independent.
d. All of the above are true, in the United States.
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