Which of the following is NOT a true statement about corporate governance?
A) Governance is used to establish order between parties whose interests may be in conflict.
B) Corporate governance mechanisms have occasionally failed to monitor and control top managers' decisions.
C) A well functioning corporate governance and control system will seldom provide a competitive advantage.
D) Corporate governance should ensure that the interests of top-level managers are aligned with shareholders' interests.
Correct Answer:
Verified
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