20. According to the MCCG, the Chairman of the Board is responsible for * (1 Point) ensure that he/she also acts as the CEO of the company ensure that only executive directors are enabled and encouraged to play their full part in their activities ensure that the non-executive directors are looking beyond their executive function and accept their full share of responsibilities of governance ensure that all relevant issues are discussed in the Board meeting 21. Which is the BEST definition for Corporate Governance? * (1 Point) A system of law and sound approaches by which corporations are directed and controlled focusing on the internal and external corporate structures with the intention of monitoring the actions of management and directors and thereby mitigating agency risks which may stem from the misdeeds of corporate officers A part of regulatory and market mechanisms, the roles and relationships between a company's management its board directors, its shareholders and other stakeholders and the goals for which the corporation is governed Essentially involves balancing the interests of a company's many stakeholders such as shareholders, senior management executives, customers, suppliers, financiers, the government and the community