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:

Yield Interest

The interest generated from an investment, usually expressed as an annual percentage of the investment's cost.

Present Value

Today's value of a future money sum or series of cash flows, estimated using an agreed upon return rate.

Actuarial Information

Data and analysis related to the calculation of insurance risks and premiums, often involving life expectancy, health risks, and financial implications.

Bond Issue

The process by which a company or governmental entity raises funds by selling bonds to investors, which are debt securities obligating the issuer to pay interest and repay principal at a later date.