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Questions and Answers
What is the purpose of corporate governance?
What is the purpose of corporate governance?
- To reduce tax liabilities
- To ensure transparency, accountability, and ethical decision-making (correct)
- To minimize employee turnover
- To maximize profits for shareholders
Which provision did the Sarbanes Oxley Act introduce to address auditor independence?
Which provision did the Sarbanes Oxley Act introduce to address auditor independence?
- Mandatory retirement age for directors
- Independent directors on audit committee (correct)
- Increased vacation time for auditors
- Restrictions on CEO personal expenses
What is the G index used to measure in corporate governance?
What is the G index used to measure in corporate governance?
- Shareholder rights (correct)
- Employee satisfaction
- Customer loyalty
- Environmental impact
Which portfolio outperformed the other based on the G index?
Which portfolio outperformed the other based on the G index?
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What do agency costs arise from in corporate governance?
What do agency costs arise from in corporate governance?
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