Even though the compliance the Cadbury Code of Best Practice is voluntary,
A) the Cadbury Code has made a significant impact on the internal governance mechanisms of U.K. companies.
B) the job security of U.K. chief executives has become more sensitive to the company performance, strengthening managerial accountability and weakening its entrenchment.
C) joint CEO/COB (chief executive officer and chairman of the board) positions declined.
D) all of the above
Correct Answer:
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