BUS 17 Lecture Notes - Lecture 17: Negative Relationship, Ceo Succession, Quid Pro Quo

23 views7 pages
2 Dec 2020
School
Department
Course
Professor

Document Summary

Boards of directors are an economic institution that, in theory, helps to solve the agency problems inherent in managing an organization but the economic theory has been quite limited. Major conflict within the boardroom is between the ceo and the directors. The ceo their independence, to monitor the ceo. Ceo relative to that of the existing directors. The directors of companies, however, being the managers rather of other people s money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance as owners . Negligence and profusion, therefore, must always prevail, more of less, in the management of the affairs of such a company. Control will tend to be in the hands of those who select the proxy committee and by whom, the election of directors for ensuing period will be made.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents