2) Which of the following organization forms for a business does NOT avoid double taxation?A) “S” corporation B) Limited partnership C) Sole proprietorship D) “C” corporation 5) Which of the following is NOT an advantage of a sole proprietorship?Under most circumstances, backdating is seen as fraudulent and illegal, although there are some situations in which backdating can be used in a legal and beneficial way, such as backdating a claim for a past period.Sometimes certain claims (such as insurance claims) can be backdated if the could not be completed at an earlier date, although there must be good reason for neglecting to claim in advance.We also appreciate the comments of Alan Jagolinzer, Thomas Lys, and Hayagreeva Rao.Corporate governance has become a well-discussed and controversial topic in both the popular and business press. However, he was ordered to pay .9 billion in a civil suit and, separately, was sentenced to seven years in prison for bribing a former Alabama governor.
A) Limited partnership B) “C” corporation C) “S” corporation D) Limited liability company 3) Which of the following organization forms accounts for the most revenue?
When a draft of National Instrument 55-104 was first published for comment, the Canadian Securities Administrators linked this proposed timing change, among other things, to the practice of improper stock options backdating.
The suggestion that insider reporting obligations might deter the practice of options backdating is intriguing.
In recent years, several corporations have collapsed in prominent fashion, including American International Group, Adelphia, Bear Stearns, Enron, Global Crossing, Lehman Brothers, Tyco, and World Com. In theory, the need for corporate governance rests on the idea that when separation exists between the ownership of a company and its management, self-interested executives have the opportunity to take actions that benefit themselves, with shareholders and stakeholders bearing the cost of these actions.
This list does not even include the dozens of lesser-known companies that did not make the front page of the , but whose owners also suffered. This scenario is typically referred to as the agency problem, with the costs resulting from this problem described as agency costs.