Business, 23.01.2020 21:31 jerria73

Effective corporate governance is essential in large corporations because corporate ownership (by shareholders) is separated from corporate control (by officers and managers). in order to improve corporate governance, most large corporations have eliminated the use of outside directors. a. trueb. false

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Answer from: bloodyflower2003

False

Explanation:

Outside directors are members of the board of directors that are not employees of the corporation. While an inside director is a member of the board that is also employed by the corporation, e.g. CEO.

Corporations are separate entities form their stockholders, that is why limited liability applies to them. The board of directors doesn't have to include stockholders or employees, they usually do, but it is not required by law. Outside directors should very experienced and capable individuals that possess certain expertise that can help the corporation. Also, the board should control and supervise upper management, but if only inside directors were admitted into it, then who would control them?

Answer from: syrai7404

B. False

Explanation:

Corporate governance is the set of rules and regulation which is a guide to how a business is being controlled and operated. it spells out the right and acceptable processes and actions that are required of the corporation's operators at any point in time. the directors have the responsibility of enforcing it.

Corporate governance is reflected in the way the entity deals with all its stakeholders and how the operators deals with the entity. It is used to rate the wellness of an entity by outside world.

The large corporations have not eliminated the use of outside directors, instead they have instituted a very strong and enduring, corporate governance .

Answer from: Quest

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

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