How does this mechanism constrain top-level managers’ decisions and actions?
What is the market for corporate control? What conditions generally cause this external governance mechanism to become active? How does this mechanism constrain top-level managers’ decisions and actions?
1. What trends exist regarding executive compensation? What is the effect of the increased use of long-term incentives on toplevel managers’ strategic decisions?
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2. What is the nature of corporate governance in Germany, Japan, and China? 8. How can corporate governance foster ethical decisions and behaviors on the part of managers as agents?
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