Which of the following is NOT an element of the corporate governance system?
A) Board of directors
B) Internal controls
C) Executive compensation policies
D) Monitoring by top management

Question

Quizplus · Accepted Answer

Monitoring by top management is not an element of the corporate governance system. However, the other three options are elements of the corporate governance system. The board of directors is responsible for strategic decision-making and oversight of management. Internal controls are put in place to ensure the accuracy and integrity of financial reporting. Executive compensation policies are designed to align the interests of executives with those of shareholders and to incentivize management to create long-term shareholder value.

Which of the Following Is NOT an Element of the Corporate