Which of the Following Is a Valid Criticism of the CSA

question 68

Multiple Choice

Which of the following is a valid criticism of the CSA corporate governance polices adopted as "best practices" guidelines in June 2005 by the Canadian Securities Commissions?

• A) Enforced mandatory guidelines increase lifting of the corporate veil.
• B) They fail to nationally harmonize securities regulation policy.
• C) They fail to enforce effective oversight of the auditing profession.
• D) Non-mandatory guidelines are ineffective compared to enforceable deterrents.

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Definitions:

Compelling State Interest

A principle in law that allows the government to regulate a freedom or right when it is necessary to protect significant governmental or societal interests.

Affirmative Action Plans

Strategies implemented by organizations to promote increased representation and inclusion of groups historically discriminated against.

Civil Right Act

Legislation aimed at preventing discrimination based on race, color, religion, sex, or national origin and enforcing legal rights of all citizens.

Sexual Orientation

An inherent or immutable enduring emotional, romantic, or sexual attraction to other people.