All of the Following Are Principles of Good Organizational Governance

question 4

Multiple Choice

All of the following are principles of good organizational governance, as established by BusinessWeek, EXCEPT

• A) each director attends at least 75 percent of all meetings.
• B) the audit, compensation and nominating committees are made up solely of outside directors.
• C) each director owns a large equity stake in the company.
• D) at least three directors are current or former company executives.
• E) the CEO is not also the Chairperson of the Board.

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Definitions:

Promissory Note

Definition: A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Promissory Note

A financial instrument involving a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Promissory Note

A financial document in which one party promises to pay another party a definite sum of money at a specific time.

Promissory Note

A financial instrument in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand.