The corporate governance system includes each of the following elements except for:
A) Board of directors
B) Internal controls
C) Executive compensation policies
D) Monitoring by top management

Question

Quizplus · Accepted Answer

The corporate governance system includes the board of directors, internal controls, and executive compensation policies, but does not consist of monitoring by top management. Top management is part of the corporate governance system, but their responsibility is to implement the governance policies established by the board of directors.

The Corporate Governance System Includes Each of the Following Elements