Which of the Following Is a NYSE Mandated Guideline for Corporate

question 91

Multiple Choice

Which of the following is a NYSE mandated guideline for corporate governance?

• A)Boards need to consist entirely of independent directors.
• B)Boards must have an audit committee with a minimum of three independent directors.
• C)Boards must have a compensation committee with a minimum of three independent directors.
• D)CFOs must provide an annual certification of compliance with corporate governance standards.

Recognize the importance of using simple, clear, and concise language in business communication.

Identify and avoid the use of clichés and jargon in professional writing.

Distinguish between active and passive voice and their effects on message delivery.

Recognize and construct gender-neutral sentences in professional writing.

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Definitions:

Defaulted

Refers to failing to fulfill a legal obligation, especially failure to pay a debt or appear in court as required.

Foreclosed

The legal process by which a lender takes possession of a property due to the borrower's failure to pay the mortgage.

Improvements

Enhancements or upgrades made to a property or a product, increasing its value or functionality.

Mortgagees

Banks or other financial institutions that lend money to borrowers (mortgagors) for the purchase of property, holding a lien on the property as security for the repayment of the loan.