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Questions and Answers
What is the fundamental governing body of a corporation?
What is the fundamental governing body of a corporation?
- The shareholders
- The CEO
- The board of directors (correct)
- The top management
Which act had a significant impact on corporate governance in the United States?
Which act had a significant impact on corporate governance in the United States?
- Dodd-Frank Act
- Gramm-Leach-Bliley Act
- Sarbanes–Oxley Act (correct)
- Patriot Act
What is the primary role of the board of directors in corporate governance?
What is the primary role of the board of directors in corporate governance?
- Maximizing shareholder wealth
- Conducting day-to-day business operations
- Overseeing top management (correct)
- Implementing operational strategies
How can the composition of a board affect its operation?
How can the composition of a board affect its operation?
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What is an important part of strategic management in corporate governance?
What is an important part of strategic management in corporate governance?
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