Because of accounting scandals, several methods have been developed to deal with the issues of corporate governance and include all the following EXCEPT _____.
A) The Board must select only SEC approved consultants
B) Chairman of the Board position should be split from the CEO position
C) The majority of members on the Board of Directors should be independent directors
D) The Board of Directors must disclose whether it has adopted a code of ethics for the CEO and senior financial officers

Question

Quizplus · Accepted Answer

While the other options (B, C, D) are methods that have been developed to deal with issues of corporate governance after accounting scandals, the requirement that the Board must select only SEC approved consultants is not a commonly used or recommended method for dealing with these issues.

Because of Accounting Scandals, Several Methods Have Been Developed to Deal