Chapter 29 - concepts

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Across
  1. 4. System of rules, incentives and monitoring that aligns managers with investors in a corporation. (2 words)
  2. 7. Board member with no employment or significant business relationship with the firm; expected to represent shareholders.(2 words)
  3. 8. Illegal trading of securities based on material, non-public information about the firm. (2 words)
  4. 9. Conflict of interest between managers (agents) and shareholders (principals). (2 words)
Down
  1. 1. Battle for shareholder votes in which dissidents try to replace the incumbent board using proxy voting. (2 words)
  2. 2. Group elected by shareholders to hire and fire the CEO and oversee major decisions. (3 words)
  3. 3. Transfer of resources from a firm to its controlling shareholders, expropriating minority investors, often via pyramids. (1 word)
  4. 5. Board that formally exists to monitor managers but in practice is dominated or influenced by the CEO. (1 word)
  5. 6. Ownership arrangement where a family controls several firms through a chain of companies, even though its actual cash-flow ownership in the lower firms is small.(2 words)
  6. 10. Practice of pretending stock options were granted on an earlier, lower-price date to make them more valuable to managers. (1 word)