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Internal and external corporate governance provisions and activities can take many forms, including restricted voting rights. Which of the following best describes this provision? O
Internal and external corporate governance provisions and activities can take many forms, including restricted voting rights. Which of the following best describes this provision? O This charter provision automatically cancels the voting rights of any shareholder who agrees to sell their shares to an acquiring firm. This provision automatically cancels the voting rights of any shareholder who owns more than a specified amount of a target company's stock. This anti-takeover provision limits the voting rights of certain classes of shares, such as Class A versus Class B shares. According to financial and management theory, which of the following practices are reasonably expected to align the behaviors of a corporation's management with those of the firm's shareholders? Check all that apply. O The CEO should sign the company's financial statements without reviewing them-provided that the CFO has already signed them-since he or she knows that the CFO's signature means the statements are accurate and in good form. Senior managers should keep a lot of cash on hand, rather than investing it in productive assets, because it allows them to spend money on unnecessary expenditures and perquisites. The board of directors actively monitors the decisions and behavior of senior management. The company's charter should require that the majority of the board members be insiders
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