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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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