As a Result of Accounting Scandals, Several Methods Have Been

question 60

Multiple Choice

As a result of accounting scandals, several methods have been developed to deal with the issues of corporate governance.They are all of the following EXCEPT:

• A)The Board must select only SEC approved consultants.
• B)Chairman of the Board position should be split from the CEO position.
• C)Board of Directors should have a majority of independent directors.
• D)The Board of Directors must explain its approach for adopting a code of ethics for the CEO and senior financial officers.

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Definitions:

Spread

The act of extending or distributing something over a wider area or among a larger number of people.

New Technologies

Recent developments in science and engineering that lead to the creation of new products or improvements in services, often changing societal norms and economic practices.

World War I

A global conflict that lasted from 1914 to 1918, known as the Great War, characterized by trench warfare and massive casualties, fundamentally changing global politics and society.

Countrywide Network

A comprehensive system spanning an entire country, used in various contexts such as transportation, telecommunications, or retail.