The Most Significant Change in the Restructuring of Governance Structure

question 69

Multiple Choice

The most significant change in the restructuring of governance structure due to the Sarbanes-Oxley Act is the

• A) Elimination of the external board members
• B) Heightened role of corporate internal auditors
• C) Removal of CFO from any overseeing role related to final financial statements
• D) Creation of inside corporate accountants reporting to external accounting firms

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Definitions:

Direct Supervision

The practice of overseeing and guiding employees' work and tasks closely and in person.

High-Performance Work Systems (HPWS)

Are organizational approaches that integrate several human resource practices, including selective hiring, extensive training, and employee involvement, to enhance productivity.

Decentralized Decision Making

A managerial strategy where decision-making authority is distributed among various levels within the organization.

Virtual Organizations

Are companies that operate primarily online, leveraging technology to enable remote work, collaboration, and service delivery without a traditional physical presence.