The Comply or Explain Principle Refers To

question 10

Multiple Choice

The comply or explain principle refers to:

• A) Certification of financial statements by CEOs and CFOs
• B) Explain any gaps between existing corporate governance practices and recommendations by authoritative bodies/pronouncements and actual governance policies
• C) Explain any gaps between existing corporate governance practices and IFRS requirements
• D) Certification of corporate governance practices by CEOs and CFOs

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Definitions:

Capital Intensive

A description of industries or businesses that require large amounts of capital investment compared to labor.

Alternative Technologies

Various methods or means of producing goods or services that differ from current practices, often to improve efficiency or sustainability.

Optimal Method

The best or most efficient approach to achieve a specific goal or solve a particular problem.

Production Maximizes

The process of adjusting the input of production to achieve the highest possible output level or efficiency.