What may account for the failure of most small companies

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1. How might a board of directors be of value to management in a small corporation? What qualifications are essential for a director? Is ownership of stock in the firm a prerequisite for being a director?

2. What may account for the failure of most small companies to use boards of directors as more than "rubber stamps"? What impact is this likely to have on the business?

Reference no: EM131384985

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