2 questions on Corporate Governance
1)
“Boards do fire incompetent mnanagers, as noted previously…they also side with the bidder in a hostile takeover…”
* Do they side with the bidder in a takeover which they find - although hostile - postive for the sharholder. Or why do they side to the the bidder? (p. 185 schweser book 3)
2) Securites Exchange Act of 1934 Section 16 (b)
* …requires that any insider, including stockholders with at least a 10% ownership in the company, must pay back to the company any gains on company shares bouth or sold within six months of a sale or purchase, respectively, and any stockholder has the right to bring suit for recovery such gains againts any covered individual who does so….”
what does this mean? gains from stocks have to be paid back???
Thanks! |
发表于 2013-4-2 11:32
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