Which of the Following Recommendations Are Not Associated with the Principles

question 22

Multiple Choice

Which of the following recommendations are not associated with the principles of good corporate governance issued by the ASX Corporate Governance Council?

• A) A board of directors should have a majority of independent directors.
• B) The CEO should not be the chairman.
• C) There should be a separate nominations and remuneration committee for directors.
• D) All audit committee members should be accountants.

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Definitions:

Free Soil Party

Political organization formed in 1848 to oppose slavery in the territory acquired in the Mexican War; nominated Martin Van Buren for president in 1848. By 1854 most of the party’s members had joined the Republican Party.

Homesteads

Small-scale agricultural estates typically run by a family or individual.

Tejanos

People of Mexican heritage who live in Texas, historically established prior to the state's independence from Mexico.

Anglos

A term often used to describe English-speaking people, particularly of British or American descent, in contexts where cultural or linguistic distinction is emphasized.