Which of the following is true of the "comply or else" approach to corporate governance?
A) It set stiff financial penalties for companies that refused to abide by its operational standards.
B) It gave companies the flexibility to comply with its standards or explain why they didn't in their corporate documents.
C) It was extremely vague when it came to defining what would be an acceptable explanation for noncompliance.
D) It was not incorporated into the Sarbanes-Oxley Act of 2002-which governs ethical behavior in corporations.
Correct Answer:
Verified
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