Are the Observations 3 and 4 likely to be consistent with corporate governance best practice? A. Both observations are correct. B. Only one of the observations is correct. C. Neither observation is correct. Which of the following is least likely to be useful in evaluating a company's corporate governance system for the purpose of investment analysis? A. Quarterly conference calls with analysts after earnings announcements. B. Performance self-assessments from individual committees on the Board of Directors. C. Statement of management's responsibilities to directors.