Under Sarbanes-Oxley,audit Committees of Publicly Held Companies' Boards Need Not

question 26

True/False

Under Sarbanes-Oxley,audit committees of publicly held companies' boards need not be made up of independent members so long as the majority of the board is independent.

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Definitions:

High School Completion

The act of meeting all the required standards and requirements to graduate from high school successfully.

Blacks

A term often used to designate individuals and communities of Sub-Saharan African descent, acknowledging social and cultural identity in a racial context.

Hispanics

A term used primarily in the United States to describe people of Spanish-speaking origin or ancestry, regardless of race.

Bureaucratization

The process by which an organization becomes increasingly governed by laws, rules, and standardized procedures, often leading to a more formal and complex structure.