Question
Mark David is an employee stockholder of the Lexington Corporation. Because he has extensive accounting experience, Marc proposes to the other stock holders that he,
Mark David is an employee stockholder of the Lexington Corporation. Because he has extensive accounting experience, Marc proposes to the other stock holders that he, rather than a public accounting firm, be appointed independent auditor for Lexington Corporation. Marc argues that because of his ownership in the company, the other owners interests would be served best by his appointment. At the meeting of the stockholders, Marc states Id be much better for the job. For one thing, I can do the work, and for another, it wont cost us a small fortune.
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