Which of the following statements about corporate governance in China is false?

Ownership of many modern corporations is now concentrated in the hands of institutional investors rather than individual stockholders

Historically, __________ have been at the center of the German corporate governance system.

Bill Kroganski is the owner of a moderately successful industrial services firm. His reaction to the introduction of a new process technology that could be a direct competitor to the process his firm utilizes is fear. He spends his time considering ways to isolate his firm from this new technology. Bill has characteristics consistent with the entrepreneurial mind-set

A product champion should come from outside the organization in order to ensure that the entrepreneurial vision has the objective support it needs

More than three-fourths of the members of the PeteSys board of directors are also part of the firm’s top management team. Because of their inside knowledge, this should lead to strong monitoring and control systems for managerial decisions in the firm

The worldwide product divisional structure has centralized decision-making authority in the worldwide division headquarters to coordinate and integrate decisions and actions among business units

A key risk of acquisitions is that a firm may substitute an ability to buy innovations for an ability to produce innovations internally

Cross-functional work teams are best supported by vertical organizational structures

A hostile takeover defense wherein the target firm makes its stock less attractive to a potential acquirer is called: