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The Board of directors in a U.S company has 6 of its external members with first names: M, N, O, P, Q, and R, became

The Board of directors in a U.S company has 6 of its external members with first names: M, N, O, P, Q, and R, became close to their retirement age, where:- M, N, & O: are also Board members on the company's legal firm advisor.- P, Q, & R: are also executives at 3 other companies. So the Board started the process of nominating 6 new members.

M, N, & O can be defined as which :

  • Retired Directors
  • Non-Affiliated directors
  • Interlocked directors
  • Affiliated directors

P, Q, & R can be defines as :

  • Family Directors
  • Non-Interlocked directors
  • Affiliated directors
  • Interlocked directors

The above company is using the concept of Stewardship theory: Is this true or false?

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