NO.PZ202210140100000202
问题如下：
BR Hotels’ corporate governance risk is increased by:
选项：
A.
CEO duality
B.
family control.
C.
the low percentage of independent board members
解释：
C is correct. The corporate governance risk for BR Hotels is high due to a low percentage of independent board members. Of the 15 members on the board, only one is independent. Many OECD countries have introduced a recommendation for the minimum ratio of independent directors serving on the board. They typically set the minimum ratio of independent directors in a range of 20%–50% or greater. BR Hotels falls below this range.
A is incorrect since CEO duality is not a governance problem for BR Hotels. BR Hotels’ CEO and chairperson are separate, so there is no CEO duality. This is typically a sign of effective corporate governance. The independent chairperson and CEO roles help protect investor interests.
B is incorrect because family control is not likely to increase governance risk for BR Hotels. Family control lowers the risks associated with principal-agent problems. This is the result of the family’s having concentrated ownership and management responsibility. The lower risk associated with the principal-agent problem is somewhat offset by the drawbacks of family control, which include poor transparency, modest considerations for minority shareholder rights, and difficulty in attracting quality management talent.
为何不用担心B family control？看持股比例蛮集中
