Question
Provide answers to the following five questions using your own words. Be concise and to the point. Discuss different examples of a conflict of interest
Provide answers to the following five questions using your own words. Be concise and to the point.
Discuss different examples of a conflict of interest between managers and shareholders
Explain how a managers risk aversion, effort aversion, and self-interests can affect his/her decision making
Identify and explain main objectives of management compensation
Explain how management compensation can provide an incentive to unethical and/or undesirable behavior. What methods can be used to reduce the chance of unethical activities resulting from compensation plans?
Which financial and non-financial measures would you include in a management compensation contract? Why?
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