The 'If Not,why Not' Approach of the ASX Corporate Governance

question 36

Multiple Choice

The 'if not,why not' approach of the ASX Corporate Governance Council to its recommendations requires companies to:

• A)Have a majority of the board as independent directors.
• B)Establish an audit committee.
• C)Disclose whether they have complied with the principles and recommendations.
• D)Report to ASIC any breaches by their auditor of the Code of Ethics.

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Definitions:

Montgomery Bus Boycott

Sparked by Rosa Parks’s arrest on December 1, 1955, for refusing to surrender her seat to a white passenger, a successful yearlong boycott protesting segregation on city buses; led by the Reverend Martin Luther King Jr.

Desegregating

The act of eliminating racial segregation, or the separation of different racial groups, in institutions or society.

State Flag

A flag designed to represent and symbolize a specific state within a country, often featuring unique symbols, colors, and designs.

Brown V. Board

A landmark 1954 U.S. Supreme Court case that declared state laws establishing separate public schools for Black and white students to be unconstitutional.