Podcast
Questions and Answers
What is the goal of the SEC Code of Corporate Governance for publicly-listed companies?
To help companies develop and sustain an ethical corporate culture and keep abreast with recent developments in corporate governance.
The Board of Directors is not required to implement the code of business conduct.
False
What is one of the salient provisions of the SEC Code of Corporate Governance?
The real challenge of the SEC Code of Corporate Governance lies in its implementation and _____ compliance.
Signup and view all the answers
What are publicly-listed companies required to establish according to the SEC Code?
Signup and view all the answers
Study Notes
SEC Code of Corporate Governance for Publicly-Listed Companies
- The Securities and Exchange Commission (SEC) approved the Code of Corporate Governance for publicly-listed companies in November 2016.
- The code aims to promote ethical corporate culture and keep companies updated on corporate governance best practices.
- A key provision is the requirement for publicly-listed companies to establish a code of business conduct.
- This code sets standards for ethical and professional behavior and clarifies acceptable and unacceptable conduct and practices.
- The Board of Directors is responsible for implementing the code and ensuring compliance among management and employees.
- The SEC's goal in publishing this code is to educate future professionals and businessmen and provide guidance to existing publicly-listed corporations.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge on the SEC Code of Corporate Governance for publicly-listed companies. This quiz covers key provisions, ethical standards, and the responsibilities of the Board of Directors as outlined in the code. Enhance your understanding of corporate governance best practices.
