Which of the following in true regarding standard(s) set by the Sarbanes-Oxley Act pertaining to compensation committees?
A) The Act requires that the compensation committee be made up entirely of outside directors.
B) The Act requires that no more than 10% of the compensation committee be made up of inside directors.
C) The Act requires that shareholders directly elect the compensation committee.
D) The Act does not address the makeup of the compensation committee.
Correct Answer:
Verified
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