Which of the following statements concerning having a CEO serve as chairman of the board is most accurate? Having a CEO also serve as chairman is considered:
A) poor corporate governance practice as having the CEO server as chairman is an inherent conflict when determining management compensation.
B) good corporate governance practice as the CEO is the best person to provide the board with information about the company's strategy and operations.
C) cannot be determined
D) poor corporate governance practice as having the CEO and chairman serve as separate positions ensures a properly-functioning board.
Correct Answer:
Verified
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