The Four Primary Functions of Corporate Governance Do Not Include

question 40

Multiple Choice

The four primary functions of corporate governance do not include:

• A)Management oversight
• B)Inventory control
• C)Financial stewardship
• D)Ethical conduct

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Definitions:

Misconduct

Inappropriate or illegal behavior by an individual or organization, often violating ethical standards or norms.

Expert Power

The influence wielded by an individual or group owing to their expertise, skill, or knowledge.

Influence Behavior

The process of affecting or changing someone’s actions, decisions, or opinions through indirect or direct methods.

Sarbanes-Oxley 404

A provision of the Sarbanes-Oxley Act that requires publicly traded companies to have an internal control report in their annual reports, aiming to enhance the accuracy of corporate disclosures.