Which of the Following Is NOT Included in the Corporate

question 15

Multiple Choice

Which of the following is NOT included in the corporate governance statement required under stock exchange regulations?

• A) Composition of the audit committee
• B) Expected changes to the top management team
• C) Procedures for identifying and managing business risks
• D) Statement of ethical standards

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Definitions:

Innocent Misrepresentation

A false statement made by someone who believes it to be true, leading to a contractual agreement that can be voided.

Remedies

Legal means for enforcing a right or redressing a wrong, including monetary damages and specific performance.

Parol Evidence Rule

A legal principle that prevents parties in a contract dispute from presenting evidence of prior or concurrent oral agreements that would contradict the written terms of the contract.

Rent

The payment made by a tenant to a landlord for the use of a property, room, or apartment for a designated period.