BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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common stock shareholders
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board of directors
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top executive officers
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None of the above
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Detailed explanation-1: -The answer will be 3) board of directors.
Detailed explanation-2: -A company’s is (are) potentially the most effective instrument of good corporate governance. 11. The Sarbanes-Oxley Act of 2002 (SOX) was largely a response to: a series of corporate scandals involving Enron, WorldCom, Global Crossing, Tyco and numerous others.
Detailed explanation-3: -The Board of Directors supervises and controls the management and operations of the company. The duty of the Board is to promote the interests of shareholders and the Group by overseeing the administration and proper organization of operations.
Detailed explanation-4: -What makes good corporate governance effective? Good corporate governance practices are effective because they are based on organisation, transparency, accountability and strategic planning. These elements breed confidence and trust in investors and other stakeholders, provide risk oversight and help prevent scandals.