Chapter 2 Flashcards
(6 cards)
1
Q
What are the 3 required BoD committees?
A
Nominating and corporate governance, audit, and compensation.
2
Q
Who can declare dividends?
A
BoD.
3
Q
Per Dodd-Frank, who is required to register with the SEC?
A
Investment advisers for hedge funds with over $150M in assets.
4
Q
Per Dodd-Frank, stockholders are entitled to vote on what?
A
Every 3 years to approve executive compensation and on a non-binding basis to disapprove golden parachute payments.
5
Q
What are the stated goals of Dodd-Frank?
A
Enhancing financial stability of the US, protecting taxpayers by ending bailouts, protecting consumers from abusive financial services practices.
6
Q
What is the primary factor in measuring risk exposure.
A
Expected value.
