Using McDonalds.

MANAGEMENT & GOVERNANCE This section should include a critique of the firm's management and board. Senior management's history with the firm and their record of capital allocation are important considerations, as are their compensation and incentive plans, and levels of stock ownership. Is there a succession plan in place for senior management? A review of the composition of the company's board of directors should note whether it is sufficiently independent or if there is evidence or risk of entrenchment. MANAGEMENT & GOVERNANCE This section should include a critique of the firm's management and board. Senior management's history with the firm and their record of capital allocation are important considerations, as are their compensation and incentive plans, and levels of stock ownership. Is there a succession plan in place for senior management? A review of the composition of the company's board of directors should note whether it is sufficiently independent or if there is evidence or risk of entrenchment