21. Executive compensation should be linked to performance, be established and approved by the management of the company, and be given the advisory approval of the CEO

marks:1

TRUE

FALSE

22. The nominating committee is responsible for establishing director and executive pay designed to set compensation contracts that retain good directors and managers while motivating optimal performance that creates shareholder value

marks:1

TRUE

FALSE

23. Many tragedies and scandals are directly related to the ethical behavior of individuals involved and their activities.

marks:1

TRUE

FALSE

24. In a public company with diffused ownership, the board of directors is entrusted with

marks:1

monitoring the auditors and safeguarding the interests of shareholders.

monitoring the shareholders and safeguarding the interests of management.

monitoring the management and safeguarding the interests of shareholders.

none of the above

25. Multiple-bottom-lines focus on:

marks:1

Improving internal control over financial reporting.

Enhancing organizational disclosures concerned with social, environmental, and ethical issues.

Creating and sustaining effective corporate structure.

Reporting on the many ventures in which the organization is involved.