P13607-E1
BUSINESS SCHOOL
A LEVEL 3 MODULE, AUTUMN SEMESTER 2013-2014
CORPORATE RESTRUCTURING AND GOVERNANCE
Time allowed TWO HOURS
__________________________________________________________________________
Candidates may complete the front cover of the answer book and sign the attendance card
Candidates must NOT start writing their answers until told to do so
Answer TWO Questions
All questions carry equal marks
No calculators are permitted in this examination.
Dictionaries are not allowed with one exception. Those whose first language is not English may use a standard translation dictionary to translate between that language and English provided that neither language is the subject of this examination. Subject specific
translation dictionaries are not permitted.
No electronic devices capable of storing and retrieving text, including electronic dictionaries,
may be used.
DO NOT turn examination paper over until instructed to do so
ADDITIONAL MATERIAL: None
INFORMATION FOR INVIGILATORS: The exam papers are to be collected at the end of the exam.
The University of Nottingham Ningbo China
P13607-E1 TURN OVER
1. Managerial power makes the use of incentive schemes in executive compensation
ineffective. Critically discuss.
2. Both firms with weak and strong corporate governance tend to restructure. Critically
discuss this statement.
3. ‘Private equity backed buyouts is an effective way to strengthen the performance and
long-term growth of Chinese firms’. Critically discuss the validity of this statement.
4. Buyout types can differ in terms of level of debt or equity and whether they are insider
or outsider driven. Discuss how this affects mechanisms of corporate governance and how these are expected to ensure value creation in the different buyout types. 5. Discuss corporate governance mechanisms within the board that are expected to
positively impact firm performance.
6. Takeover defences safeguard the interests of shareholders. Critically discuss.
2 P13607-E1
P13607-E1 END
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