Corporate Governance has been defined by Solomon (2013, p. 7) as "the system of checks and balances, both internal and external to companies which ensures that companies discharge their accountability to all their stakeholders and act in a socially responsible way in all areas of their business activity"

Which of the following is NOT an example of an internal system of checks and balances?

a.

codes and principles of good governance

b.

independent board of directors

c.

risk management policies

d.

internal control principles

Clear my choice