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If you were making recommendations to repair a dysfunctional board of directors, which of the following practices would you s

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Answer #1

I would advise following practice to be adopted among four -

(1) The board should recommend that the company keep financial records and report financial statement that are in compliance with GAAP.

(2) Senior management cash bonuses should be tied solely to the firm short term price performance.

(3) The ratio to the inside member to outside member to be in ratio of 4:1

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