An Advantage of a Principles-Based Approach to Corporate Governance Is

question 14

Multiple Choice

An advantage of a principles-based approach to corporate governance is that:

• A)It bans loans to directors.
• B)It places a higher level of duty on directors to determine which corporate governance practices are required.
• C)It requires a corporation to prepare an annual report and provide them to shareholders.
• D)All of the options are correct.

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Definitions:

Ethical Leadership

Leadership that is guided by respecting ethical principles and values, and making decisions that are moral and fair.

Greater Good

Greater Good refers to actions or decisions that benefit the majority or contribute positively to the collective well-being of a community or society.

Self-Absorbed

Excessively preoccupied with one's own thoughts, feelings, and interests, often at the expense of others' needs or feelings.

Opportunistic

Behavior or tendencies characterized by taking immediate advantage of circumstances with little regard for principles or consequences.