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Internal and external corporate governance provisions and activities can take many forms, including a poison pill provision. Which of the following best describes this element
Internal and external corporate governance provisions and activities can take many forms, including a poison pill provision. Which of the following best describes this element in a firm's charter? O This provision and anti-takeover strategy attempts to increase, rather than reduce, the number of shares that O This provision allows a target firm's shareholders to purchase additional shares of the target firm's common O This provision and takeover strategy allows the target firm's shareholders to sell a given percentage of their an acquiring firm must purchase to acquire its target. stock once a shareholder purchases a certain percentage of the firm's outstanding shares. shares to an acquiring firm for a specified percentage premium over the market value of the target firm's common shares. If you were making recommendations to repair a dysfunctional board of directors, which of the following practices would you suggest be implemented? Check all that apply. The company's charter should prohibit the use of a classified board of directors. Management's compensation should consist of a cash salary and a bonus that is linked to the firm's performance and the value of its common shares. The board should recommend that the company keep financial records and report financial statements that are in compliance with generally accepted accounting standards. The board of directors and senior managers should advocate using an accounting firm that provides both accounting and consulting services to the company
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