Which of the Following Was NOT a Finding of the Cadbury

question 9

Multiple Choice

Which of the following was NOT a finding of the Cadbury Commission?

• A)Audit and compensation committees should be made up entirely of independent directors or,at least,have a majority of them.
• B)Auditors should be rotated,and there should be fuller disclosure of non-audit work.
• C)The CEO should not be chairman of the board,and at the very least there should be a lead independent director with similar agenda-setting powers.
• D)The CEO and the CFO should personally attest to the accuracy of the financial statements presented to shareholders.

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Definitions:

Otoplasty

A surgical procedure to change the shape, position, or size of the ears.

Stapedectomy

A surgical procedure aimed at improving hearing by removing part or all of the stapes bone in the middle ear and replacing it with a small prosthetic device.

Tympanectomy

A surgical procedure involving the removal of all or part of the eardrum, often to treat infections or other ear problems.

Ossicles

The three small bones in the middle ear known as the malleus, incus, and stapes, which transmit sound vibrations to the inner ear.