Regarding Corporate governance and Government regulation which of the following statements are TRUE 1. Refers to the rules, processes, and laws by which companies are operated, controlled, and regulated. 2. It defines the rights and responsibilities of the financial manager, as well as the rules and procedures for making corporate decisions. 3. Government regulation generally shapes the corporate governance of all firms and requires from them to diffuse all relevant information relating to their performance, 4. During the recent decade, corporate governance has received increased attention due to several high-profile corporate scandals involving abuse of corporate power 5. Transparency, Fairness, Accountability, and Responsibility are guaranteed by the Government Regulation and Corporate Governance rules and regulations. 6. Transparency, Fairness, Accountability, and Responsibility are guaranteed by Corporate Governance and Business Ethics. 7. Corporate Governance law anticipates the potential for principal/agent conflict and imposes responsibilities and reporting controls on management to reduce the probability of such conflicts. All are True except 2, and 7. B. All True except 2 and 6. C. 1, 2, 3 only. D. 1, 3, 4, and 6. E. 2, 4, 5, and 7