Which of the following statements is correct in relation to Australia's corporate governance system?
A)It is an example of a hybrid system.
B)It is an example of an agency dominated Anglo-American system.
C)It follows the German approach.
D)It is an example of a stakeholder dominated system.

Question

Quizplus · Accepted Answer

Australia's corporate governance system is generally characterized as an agency-dominated Anglo-American system, which emphasizes the interests of shareholders and places a significant emphasis on the role of the board of directors in overseeing management. While there are some elements of stakeholder engagement and regulatory oversight, it is not as prominent as in other systems like the German approach or stakeholder-dominated systems. It is not generally considered a hybrid system.

Which of the Following Statements Is Correct in Relation to Australia's