Question
Of the choices below, which situation provides evidence of the strongest corporate governance? The Board of Directors is made up primarily of members of management
Of the choices below, which situation provides evidence of the strongest corporate governance?
The Board of Directors is made up primarily of members of management to ensure a thorough understanding of the day-to-day operations and it meets annually. | ||
The Board of Directors meets annually to discuss business objectives and the internal audit function. | ||
To increase efficiency, the internal audit function reports to the controller rather than to the Board of Directors and the CEO has a dual-role as chairman of the Board.
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The Board of Directors meets six times a year, consists of several independent members, and the internal audit function reports to the Board and to the Audit Committee. |
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