Complete the fill-in-the-blank questions below to test your knowledge of the material in chapter 10 of the textbook.
1
In Germany employees have the right to elect representatives to sit on the supervisory board. The Act defines the proportion of employee and shareholder representatives on the supervisory board.
It also stipulates that a director on the management board has special responsibility for labour-related matters.
Page reference: 154
2
The French has traditionally been an important stakeholder in French companies both through direct holdings and because many civil servants are appointed to corporate boards.
In addition control may be enhanced by multiple voting rights attached to certain shares.
Page reference: 164
3
The Italian corporate governance structure follows a unitary board structure but a board of is also required.
The board of auditors comprises at least three individuals, all of whom should be independent of the company's directors and employees. The role of the board of auditors includes reviewing the company's organizational structure, its internal control system, its accounting system, and its administrative system.
Page reference: 168/169
4
An unusual characteristic of the ownership structure in many Danish companies is the presence of ownership.
Some of the largest Danish companies are controlled by a foundation (being a legal entity without owners often created to administer a large ownership stake in a particular company).
Page reference: 159
5
When differences in corporate governance developments are gradually reducing over time, we may say that there is a move towards .
On the other hand, if differences are increasing, there is a trend towards divergence.
Page reference: 173
