Which of the following principles should a company follow for effective corporate governance?

Question

Quizplus · Accepted Answer

The principle of collaboration between the board of directors and the CEO when evaluating risk-versus-reward scenarios is important for effective corporate governance. This ensures that decisions are made with a holistic view of the company's goals and objectives, and that risks are assessed and managed appropriately. The other options listed go against commonly accepted principles of corporate governance, such as the need for independent board members and separation of the roles of chairperson and CEO to ensure checks and balances in decision-making.

Which of the Following Principles Should a Company Follow for Effective