One of the leading indicators of concentrated family ownership and control is the appointment of family members as board chairma

Question

Ludmilka [50]

3 years ago

11

One of the leading indicators of concentrated family ownership and control is the appointment of family members as board chairma

n, CEO, and other TMT members. a. True b. False

Business

1 answer:

Aleksandr-060686 [28] · Answer 1 · 2022-06-18T23:03:55+03:00

Answer:

TRUE

Explanation:

According to Mike Peng and his book "Global Business", these indicators help to identify problems such as: principal-principal conflicts (problems between controlling shareholders and minority shareholders), expropriation and tunneling ( when managers from the controlling family divert resources for personal use or family use).