Any System of Compensation

question 36

Multiple Choice

Any system of compensation:

• A) May encourage unethical behavior.
• B) Must be approved by the appropriate regulatory authority.
• C) Should be designed by top management.
• D) Must be approved by the auditor.

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Definitions:

Effective Governance

The process of ensuring that an organization's operations and conduct meet stakeholder expectations and regulatory standards.

BoardSource

A recognized leader in nonprofit board leadership and support, offering guidance, resources, and tools for effective board governance.

Carver

Refers to John Carver, a prominent figure noted for his development of the Policy Governance model for organizational boards.

Policies

Formal guidelines or rules established by organizations to govern behavior and decision-making processes within the organization.