Which of the Following Is NOT One of the ASX's

question 10

Multiple Choice

Which of the following is NOT one of the ASX's Principles of Corporate Governance?

• A) The majority of directors should be executive
• B) Promote ethical and responsible decision making
• C) Establish an audit committee
• D) Ensure level and composition of remuneration is sufficient and reasonable

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Definitions:

Writing

The act or process of creating text or symbols on a surface, typically used to communicate or record information.

Seal

A formal mode of expressing the intention to be bound by a written promise or agreement. This expression usually takes the form of signing or affixing a wax or gummed paper wafer beside the signature, or making an engraved impression on the document itself.

Privity of Estate

A legal concept that refers to the relationship between parties whose interests in a piece of property are intertwined.

Privity of Contract

A principle stating that only parties to a contract have the right to sue or be sued under the terms of the contract.