3 Questions
What is the main difference between prescriptive and non-prescriptive approaches to corporate governance?
Prescriptive approach sets standards of desirable practices for disclosure of compliance while non-prescriptive approach requires actual disclosure and justification of CG practices
What is the hybrid approach to corporate governance adopted by Malaysia?
An apply or explain approach that allows companies to deviate from CG practices but explain them in their annual report
What is the purpose of the Sarbanes-Oxley Act 2002 in the U.S.?
To set specific standards for companies to follow in their CG practices
Study Notes
"Corporate Governance: Prescriptive vs Non-Prescriptive Practices Quiz" - Test your knowledge on the different approaches to corporate governance. Learn about the benefits and drawbacks of prescriptive standards versus non-prescriptive practices. Explore the key regulations and acts that shape corporate governance, including the Sarbanes-Oxley Act 200
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