Corporate Governance and the Sarbanes Oxley Act Quiz

To reduce tax liabilities

To ensure transparency, accountability, and ethical decision-making (correct)

To minimize employee turnover

To maximize profits for shareholders

Mandatory retirement age for directors

Independent directors on audit committee (correct)

Increased vacation time for auditors

Restrictions on CEO personal expenses

Shareholder rights (correct)

Employee satisfaction

Customer loyalty

Environmental impact

<p>Democracy portfolio (weakest rights)</p> Signup and view all the answers

<p>Management pursuing personal goals instead of maximizing shareholder wealth</p> Signup and view all the answers