Corporate Finance

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Corporate finance
My company is an American multinational technology company that is Apple. The company mainly deals with hardware products, consumer electronics, and computer software. Some of the hardware products include iPhone smartphone and iPad tablet computers. A stock ticker merely is a report of the price for individual securities, which are modernized unceasingly throughout the trading period by the various stock exchanges. The ticker under which the company trades its stock is AAPL. The North American Industry Classification system is standard that was developed to be used by the Federal Statistical agencies with the aim of classifying business establishment primarily for the gathering and the investigation of arithmetical data. The data is connected to the commercial economy of U.S.A. The NAICS code of the primary industry is 811219. The CEO is also the chairman of the board.
There is no optimum number of a board of directors. It is believed that a large number of members become a challenge when using the resources efficiently. Individual participation also becomes a significant challenge in case of a large number of members. An active board is that one that majority of the members of the board is independent outsiders. It is also not necessary right that a committee comprising a majority of insiders is always viewed as being loaded with sycophants, mostly where the CEO is the chairman of the board. According to this company, the percentage of outsiders is higher than that of insiders, where the rate of outsiders is 60% and that of insiders being 40%.

It is mainly to improve the effectiveness of the company. The CEO is not the chairman of the board.

Work cited.
Pettit, J. Strategic Corporate Finance: Application in Valuation and Capital Structure. John Wiley and sons, 2011.