Which of the following is least likely an indication of good corporate governance practices（）
A: The board typically supports management decisions.
B: The board only acts in the best interest of the shareholders.
C: The firm’s operating and financial activities are reported in a timely manner to the shareholders.
A: The board typically supports management decisions.
B: The board only acts in the best interest of the shareholders.
C: The firm’s operating and financial activities are reported in a timely manner to the shareholders.
举一反三
- Which of the following activities would least likely be an example of good corporate governance（） A: Management is allowed to act independently of board of directors. B: The board of directors has decided to hold annual elections. C: The board of directors has decided to conduct a self-assessment.
- Which of the following statements regarding corporate governance practices is FALSE（） A: Corporate governance is the system of internal controls/procedures by which firms are managed. B: Corporate governance provides a framework that defines rights of management and the board. C: Corporate governance is not as important for firms with largely dispersed minority shareholders.
- A board of directors is most likely to protect the shareholders’ interests when:（） A: the board requires that management attend all meetings. B: the board includes representatives from the firm’s key customers and suppliers. C: one individual can be identified as the leading board member from outside the firm.
- Generally, a corporation is owned by its A: managers. B: board of directors and shareholders. C: shareholders. D: managers, board of directors, and shareholders.
- According to best practices of corporate governance， which of the following committees will most likely have members from executive management？ A: Audit B: Environmental health and safety C: remuneration/compensation