While the corporate governance problem is not confined to the United States,
A)it can actually be a much more serious problem in other parts of the world,where the legal protection of shareholders is weak or nonexistent.
B)it has reached its high point in the United States.
C)the U.S.legal system,with lawsuits used only as a last resort,ensured that any conflicts of interest would soon be a thing of the past.
D)none of the options

Question

Quizplus · Accepted Answer

The statement acknowledges that the corporate governance problem exists beyond the United States. However, it highlights that in other parts of the world, where the legal protection of shareholders is weak or nonexistent, the problem can actually be much more serious. Therefore, option A is the best choice. Option B is incorrect because there is no evidence to suggest that the problem has reached a high point in the United States. Option C is also incorrect because lawsuits may not always be effective in resolving conflicts of interest.

While the Corporate Governance Problem Is Not Confined to the United