committees

Question 1

what are the 5commitees

Answer 1

Audit committee

Risk committee

Nominating committee

Renumeration committee

ethics committee

Question 2

what are agency costs

Answer 2

is a cost from within the orgainisaton that come from mismanagement

Question 3

what is a debt covenant

Answer 3

an agreement when a loan takes place the banks monitor the accounts of the business and gives them parameters to which they must operate in
Contractual agreements to maintain its financial operating performance within pre agreed parimeters

Question 4

what can you offer upper management to stopthem enriching themselves

Answer 4

stock in the company

Question 5

how do competitors keep agency costs down 2 examples

Answer 5

make them have to compete example 1 ryanair aeringus example 2 lidl coming into the irish market