A feature of the standard of corporate governance is that it _____.
A)ensures that certain select corporations are allowed to monitor the ethical conduct of government officials
B)plays no role in determining the impact of fraudulent policies
C)ensures that officers of an organization fulfill their obligations to their stakeholders
D)plays no role in regulating the ethical behavior of employees in an organization

Question

Quizplus · Accepted Answer

The standard of corporate governance ensures that officers of an organization fulfill their obligations to their stakeholders, such as shareholders, employees, customers, and the community. It sets guidelines and rules for the organization's decision-making processes, transparency, accountability, and ethical behavior. Therefore, it plays a crucial role in regulating the ethical conduct of an organization's employees and preventing fraudulent policies. Option A is incorrect because corporate governance does not give corporations the power to monitor government officials' ethical conduct. Option B is incorrect because the standard of corporate governance determines the impact of fraudulent policies and aims to prevent them. Option D is incorrect because corporate governance plays a significant role in regulating the ethical behavior of employees at all levels of the organization.

A Feature of the Standard of Corporate Governance Is That