Which of the Following Is True of the "Comply or Explain

question 93

Multiple Choice

Which of the following is true of the "comply or explain" approach to corporate governance?

• A)It set stiff financial penalties for companies that refused to abide by the operational standards.
• B)It gave companies the flexibility to comply with the governance standards or justify why they didn't in their corporate documents.
• C)It was extremely explicit when it came to defining what would be acceptable explanations for noncompliance.
• D)It proved to be an effective deterrent to financial scandals and reduced the incidence of unethical behavior in corporations.

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Definitions:

Dipteral

An architectural term describing a classical temple plan where the columns around the peristyle are arranged in a double row.

Rostrum

A speaker’s platform.

Roman City

An urban settlement that was developed and structured during the Roman Empire, characterized by its architecture, planning, and infrastructure such as roads and aqueducts.

Law Court

An institution or a specific place where legal disputes are adjudicated by judges, interpreters of the law, and legal systems.