Which of the following scenarios exemplifies the "comply or else" approach to ensuring that companies meet corporate governance standards?

Multiple choice question.

RunRight Inc. is asked to give reasons for why it was unable to comply with governance standards.

The operations of Articurate Inc. are suspended indefinitely by authorities for not complying with certain governance standards.

Kendra Inc. is given an opportunity to explain the reasons for its noncompliance with corporate governance standards.

A stiff financial penalty is levied on ShipStop Inc. for its noncompliance with governance standards.