The first step in a policy of disregarding the corporate governance model is the decision to:

Question

The first step in a policy of disregarding the corpo­rate governance model is the decision to:

Quizplus · Accepted Answer

The decision to merge the roles of CEO and chairperson of the board into one individual is the first step in disregarding the traditional corporate governance model. This creates a concentration of power in one person, which can lead to potential conflicts of interest and lack of accountability. Therefore, this choice represents the best answer. Option B is incorrect as a compensation committee is a normal part of corporate governance structures. Option C is incorrect as seeking the advice of consultants is a common practice to improve corporate governance. Option D is incorrect as having an auditing committee to oversee financial reporting is also a standard practice in corporate governance.

The First Step in a Policy of Disregarding the Corpo­rate

The First Step in a Policy of Disregarding the Corporate