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Enjoy · 2024年04月14日

能不能把这题翻译一下

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.

能不能把这道题翻译下,为什么不能选A呢?

1 个答案

王琛_品职助教 · 2024年04月15日

嗨,爱思考的PZer你好:


1

选项 A 是以权谋私

高管可能会利用公司资源来实现个人利益最大化

比如给自己配备私人飞机、办理各种高端俱乐部会员资格

严重的甚至通过挪用资产欺诈投资者

2

选项 B 是壕沟、巩固

即,当董事或高管的总体薪酬水平过高,或任期过长时,董事或高管可能出于保住职位的既得利益而回避风险

比如模仿竞争对手、规避经营风险等

重点是董事或高管想保住自己的职位

3

选项 C 是投入不足

当 CEO 投身于大量的政治和慈善活动时,他们可能无法全心全意地投入到公司的日常运营和长远发展中

这将直接影响到公司的业绩和股东利益,有可能导致管理层与股东之间的利益不一致

符合题意,所以选 C

4

也请参考强化班讲义墨迹版 P25

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虽然现在很辛苦,但努力过的感觉真的很好,加油!