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:

Animism

The belief that objects, places, and creatures all possess a distinct spiritual essence or soul.

Sibling Rivalry

The competition or animosity between siblings, which can involve jealousy, competition, and fighting.

Negativism

A pessimistic attitude characterized by a tendency to resist suggestions, refuse compliance, or exhibit opposition in behavior.

Temper Tantrums

Emotional outbursts, typically seen in children, characterized by crying, screaming, or aggressive behavior in response to frustration.