Which of the Following Was Not a Finding of the Cadbury

question 42

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:

Self-Fulfilling Prophecy

An expectation that helps bring about what it predicts.

Outcome On Tests

The result or performance measure of an individual or group in an examination or assessment context, which can influence future educational or occupational opportunities.

Hidden Curriculum

This refers to the unwritten, unofficial, and often unintended lessons, values, and perspectives that students learn in school, beyond the formal curriculum.

Resocialization

The process by which individuals undergo training or retraining to learn the norms, values, and behaviors appropriate for a new social role or environment.