Which of the Following Is Not a Provision Instituted by the Sarbanes-Oxley

question 26

Multiple Choice

Which of the following is not a provision instituted by the Sarbanes-Oxley Act of 2002?

• A)Executive compensation committee members must be either majority-independent or fully independent.
• B)Independent directors may no longer have any type of a relationship to the firm's CEO.
• C)Independent directors must meet among themselves without the presence of management.
• D)Attorneys are required to alert the SEC upon receiving credible evidence of a breach of fiduciary responsibility.

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Definitions:

Profit/Loss

The financial result of business operations or investment activities, calculated as the difference between revenues and the costs associated with generating those revenues.

Contract Size

The deliverable quantity of commodities or financial instruments specified in a contract that an investor agrees to buy or sell.

Hedge Strategy

Investment strategies designed to reduce the potential for loss in an investment portfolio by making counterbalancing investments or using financial instruments like options and futures.

Short Corn Futures

A financial contract obligating the seller to deliver corn at a future date, typically used to hedge or speculate on falling corn prices.