Which of the Following Is a Stated Principle of a NYSE

question 10

Multiple Choice

Which of the following is a stated principle of a NYSE report identifying key core governance principles?

• A) Members of the Board of Directors should be primarily independent members.
• B) Effective corporate governance should be viewed as a compliance obligation.
• C) Effective corporate governance should be integrated with the company's business strategy.
• D) The Board of Directors has the primary responsibility for creating a culture of integrity and ethical behavior.

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Definitions:

Schedule L

Schedule L is a tax form used by certain businesses to report their balance sheet details to the IRS, including assets, liabilities, and equity.

Schedule M-1

A form used by corporations filing U.S. federal corporate income taxes to reconcile financial statement income with tax return income.

Total Receipts

The total amount of money received by a business during a specific period, including sales, income, donations, and other forms of revenue.

Subchapter S Corporation

A type of corporation that meets specific Internal Revenue Code requirements and passes income, losses, deductions, and credits to its shareholders for federal tax purposes.