Which of the following is considered to be an example of good corporate governance according to the ASX principles?
A) The appointment of a board of directors consisting of the company CEO, three company executives and one independent director.
B) The appointment of an audit committee consisting of the audit partner and an independent auditor, and the company CEO and one company director.
C) A board of directors that has intimate knowledge of the company's activities since their appointment 10 years ago when the company was formed.
D) Rotating the lead external audit partner every five years.
Correct Answer:
Verified
Q1: Deontologists judge the moral correctness of actions
Q2: The major thrust for the creation of
Q3: In a utilitarian ethical framework, moral correctness
Q5: Corporate governance includes mechanisms, such as the
Q6: It is ethical for an accountant to
Q7: Corporate governance is a new phenomenon that
Q8: Which of the following factors could weaken
Q9: A company is classified as a separate
Q10: The ASX principles and recommendations are mandatory
Q11: The role of the board of directors
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents