Which of the Following Statements Relating to the ASX Corporate

question 54

Multiple Choice

Which of the following statements relating to the ASX Corporate Governance Principles is incorrect?

• A)Companies should actively promote ethical and responsible decision-making.
• B)Risk oversight and internal control are not necessarily areas companies can manage.
• C)Companies should promote timely and balanced disclosure of all material matters concerning the company.
• D)The audit committee should be structured so that it consists only of non-executive directors.

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Definitions:

Experiential Intelligence

The ability to apply knowledge and skills gained from personal experience to new and different situations.

Componential Intelligence

Part of Sternberg's Triarchic Theory of Intelligence, focusing on analytical skills such as problem-solving, logical reasoning, and the ability to analyze.

Practical Intelligence

The ability to solve everyday problems by utilizing knowledge gained from experience.

Intellectual Disability

A disability characterized by significant limitations in both intellectual functioning and in adaptive behavior, which covers a range of everyday social and practical skills.