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:

Creativity

The ability to generate new ideas, solutions, or innovative approaches to problems.

Rewards

Benefits, monetary or non-monetary, given to employees or individuals as recognition for their performance or achievements.