NO.PZ2023090504000007
问题如下：
An analyst is examining the governance of several companies in her coverage area and learns that one of the CEOs is highly involved in political and charitable activities. These activities may result in which one of the following misalignments of interests between management and shareholders?
选项：
A.
Self-dealing
B.
Entrenchment
C.
Insufficient effort
解释：
C is correct. The CEO’s outside activities could result in insufficient effort. Managers may allocate too little time to their role because they are committed to political or charitable activities, personal investments, or serving as directors or managers of other companies.
A and B are incorrect, because while they are both examples of misalignments between management and shareholders, they are not the primary concern about management involvement in charitable and political activities, which tend to distract management rather than cause a direct conflict of interest or transaction that is not in shareholders’ interests.
谢谢 请问entrenchment怎么理解？
