Which of the Following Was NOT a Finding of the Cadbury

question 9

Multiple Choice

Which of the following was NOT a finding of the Cadbury Commission?

• A)Audit and compensation committees should be made up entirely of independent directors or,at least,have a majority of them.
• B)Auditors should be rotated,and there should be fuller disclosure of non-audit work.
• C)The CEO should not be chairman of the board,and at the very least there should be a lead independent director with similar agenda-setting powers.
• D)The CEO and the CFO should personally attest to the accuracy of the financial statements presented to shareholders.

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Definitions:

Organism

A living entity that can grow, reproduce, metabolize, respond to stimuli, and maintain homeostasis.

Constructed Structure

Man-made buildings or edifices created for specific purposes, ranging from residential, commercial, to infrastructural uses.

Noticeable Effect

An observable or measurable impact resulting from a specific action or phenomenon.

Evolution Timescales

The long periods over which evolutionary processes such as mutation, selection, and drift act, ranging from thousands to billions of years.