Which of the Following Is a Requirement of the CSA

question 31

Multiple Choice

Which of the following is a requirement of the CSA rules with respect to corporate governance reforms?

• A) creating an oversight committee composed of subordinate directors
• B) creating an audit committee composed of autonomous directors
• C) avoiding appointing a maverick individual to the position of chair
• D) avoiding circumstances that enable boards to act independently of management

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Definitions:

Canadian Prairies

A vast geographical region in Western Canada characterized by its flat landscape and predominantly agricultural use, including the provinces of Alberta, Saskatchewan, and Manitoba.

Maritimes

Regions near or relating to the sea, often characterized by their maritime culture, economy, and ecosystem.

Open-pit Mines

Large scale mining operations in which minerals or ores are extracted from a massive open pit or borrow.