2015年ACCA《P1专业会计师》考试知识考点五
2015年ACCA考试中的重点内容，为了帮助大家全面复习ACCA考试，我们考吧（kao8.cc）特为考生们整理了以下辅导知识，希望考生们能够喜欢。
Insider system
<1> Feature
a. Most companies listed on local stock exchange are owned and controlled by a small number of major shareholders (the company’s funder), such as banks, founding family or government.
b. Shareholder involved in management, easier to influence management, policy and strategy through ownership and dialogue.
<2> Advantages
a. Agency problem is reduced. Easier to establish ties between owners and managers (stronger owner-manager links)
b. Flexible about the time profits are made, so investors take a long-term strategic view of their investment
<3> Disadvantages
a. Discrimination against minority shareholders
b. Lack of monitoring/governance due to informal governance structures and unwilling to recruit independent NEDs
c. Opaque financial transactions and misuse of funds,
d. Large shareholders (financial institutional) tend to avoid these shares that are speculative and invest only in blue chip shares
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