The "comply or explain" approach to corporate governance was problematic because _____.
A) it did not take into consideration the remuneration packages provided to the employees of a company
B) its stringent measures to deny flexibility to comply with governance standards caused organization-wide friction
C) its definition of what constitutes an acceptable explanation for not complying was vague
D) it expected corporations to abide by an extremely rigid set of operating standards
Correct Answer:
Verified
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