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Questions and Answers
What is the main focus of corporate governance?
What is the main focus of corporate governance?
- Maximizing shareholder wealth (correct)
- Ensuring high salaries for executives
- Ignoring the role of board of directors
- Prioritizing stakeholders over shareholders
Who is responsible for overseeing the financial reporting process in a company?
Who is responsible for overseeing the financial reporting process in a company?
- Board of Directors (correct)
- Management
- Regulators
- Shareholders
What is one of the key responsibilities of the Audit Committee in corporate governance?
What is one of the key responsibilities of the Audit Committee in corporate governance?
- Ensuring the independence of external auditors (correct)
- Marketing the company's products
- Setting executive compensation
- Managing day-to-day operations
Which party plays a crucial role in protecting shareholder interests in corporate governance?
Which party plays a crucial role in protecting shareholder interests in corporate governance?
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What is one of the main purposes of internal audit in corporate governance?
What is one of the main purposes of internal audit in corporate governance?
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