1. ‘Management and ownership of a company are two sides of a coin. Usually management and ownership are separated to manage the venture on a professional footing and ensure its smooth growth.’...

1. ‘Management and ownership of a company are two sides of a coin. Usually management and ownership are separated to manage the venture on a professional footing and ensure its smooth growth.’ Critically examine the statement with the help of examples.

2. Under what conditions, if any, can the board of a company be completely dismissed in the case of a running company having prospects for growth? Explain giving concrete examples from the corporate world.