Corporate Governance and the Sarbanes Oxley Act Quiz
5 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

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?

  • 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?

  • Shareholder rights (correct)
  • Employee satisfaction
  • Customer loyalty
  • Environmental impact

    • Which portfolio outperformed the other based on the G index?

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

    What do agency costs arise from in corporate governance?

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

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser