What may account for the failure of most small companies to


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?

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Management Theories: What may account for the failure of most small companies to
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