Internal and external corporate governance provisions and activities can take many forms, including a targeted share repurchase provision. Which of the following best describes this technique?

A. This procedure for facilitating a takeover and changing a firms management involves repurchasing, for a fraction of their market value, the shares owned by the firms board members.

B. This anti-takeover tactic requires the firm to automatically confiscate and sell the shares of an individual shareholder who owns more than a specified amount of a target companys stock.

C. This method of resisting a takeover involves the repurchase of shares from a firm threatening a hostile takeover.

If you were making recommendations to repair a dysfunctional board of directors, which of the following practices would you suggest be implemented? Select all that apply.

A. Members serving on the boards audit committee should be independent.

B. Senior managements compensation should include cash and stock options.

C. The companys charter should not contain a shareholder rights provision.

D. The board of directors and senior managers should advocate using an accounting firm that provides both accounting and consulting services to the company.