【Answers】
4 Public companies are subject to a greater degree of separation between those who manage the company and those who
own it Corporate governance is of special importance to public companies because of the greater degree of separation
between those who manage the company and those who own it. Public companies are subject to a higher degree of
regulation than other types of commercial organisation and they have ethical responsibilities to all their investors equally.
Other types of business organisation are not subject to corporate governance at all e.g. sole traders and partnerships.
5 Tell and listen This is a tell and listen appraisal style, under which the manager tells the subordinate how he has been
assessed and invites him to respond.
6 Distribution of surplus profits in proportion to purchases Co-operative businesses are owned and run by their workers
or customers, who share the profits. The other points are features of non-governmental organisations (NGOs).
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