All of the Following Are Principles of Good Organizational Governance

question 14

Multiple Choice

All of the following are principles of good organizational governance, as established by Businessweek, EXCEPT

• A) each director attends at least 75 percent of all meetings.
• B) the audit, compensation and nominating committees are made up solely of outside directors.
• C) each director owns a large equity stake in the company.
• D) at least three directors are current or former company executives.
• E) the CEO is not also the Chairperson of the Board.

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Definitions:

High-Quality Relationship

A relationship characterized by mutual respect, trust, understanding, and healthy communication that deeply satisfies the involved individuals.

Shorter Duration

Refers to a time period that is relatively brief or less lengthy compared to another.

Older Adults

Individuals who are typically aged 65 years and older, often associated with specific needs, challenges, and contributions to society.

Friends

People with whom one has a bond of mutual affection, typically exclusive of sexual or family relations.