Which of the Following Is a Requirement of the CSA

question 34

Multiple Choice

Which of the following is a requirement of the CSA rules with respect to corporate governance reforms?

• A) an oversight committee composed of subordinate directors
• B) an audit committee composed of autonomous directors
• C) avoidance of appointment of a maverick individual to the position of chair
• D) avoidance of circumstances enabling boards to act independently of management

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Definitions:

Mutually Exclusive

Events that cannot occur at the same time; the occurrence of one event excludes the possibility of the other event(s).

Intersection

The set of elements common to two or more sets.

Conditional

Pertaining to expressions, statements, or functions that involve conditions where outcomes depend on fulfilling specified criteria.

Experimental Outcomes

Refers to the various results that could potentially occur as a result of a scientific experiment.