Each ASX Corporate Governing Principle Is Supported by Several Recommendations

question 39

Multiple Choice

Each ASX Corporate Governing Principle is supported by several recommendations. If the board of a listed company decides that a recommendation is not appropriate for their company:

• A)the company will immediately be suspended from listing.
• B)the company must explain why it has not adopted the recommendation.
• C)the company can just ignore the recommendation.
• D)the company board of directors will be dismissed.

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Definitions:

Hagfish

Jawless marine fish known for their ability to produce a large amount of slime or mucus when disturbed.

Swim Bladder

Of many ray-finned fishes, a gas-filled organ that adjusts buoyancy.

Buoyancy

The upward force that supports objects in fluid, preventing them from sinking.

Ray-Finned Fish

Jawed fish with fins supported by thin rays derived from skin; member of most diverse lineage of fishes.