An Advantage of a Principles-Based Approach to Corporate Governance Is

question 15

Multiple Choice

An advantage of a principles-based approach to corporate governance is that:

• A) It places a higher level of duty on directors to determine which corporate governance practices are required
• B) It requires a corporation to prepare an annual report and provide them to shareholders
• C) It bans loans to directors
• D) All of the options are correct

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Definitions:

Cohesive

Characterized by unity; sticking together tightly or working well together to form a whole.

Complexity

The state or quality of being intricate or complicated, often involving multiple interconnected parts.

Noncustodial Father

A father who does not have legal custody of his child, often having certain rights like visitation while the child resides primarily with the other parent.

Stepparenting

The act of being a parent to a spouse's child or children from a previous relationship.