Some basics of corporate governance include keeping accurate records, using financial controls, creating an advisory board, using company profits as personal funds as needed.

Question

Quizplus · Accepted Answer

The statement is false. Using company profits as personal funds is not an acceptable practice in corporate governance as it is a breach of ethics and fiduciary responsibility. The other three stated basics of corporate governance are accurate.

Some Basics of Corporate Governance Include Keeping Accurate Records, Using