Which of the following statements about management compensation is false?

A. Members of management are often paid based on the earnings of the company.

B. A public corporation must file documents with SEC, disclosing the components of compensation and the criteria used to remunerate top executives.

C. Using a single performance measure such as earnings per share serves as the best basis for determining management compensation.

D. The Sarbanes-Oxley Act requires a public corporation to establish a committee made up of independent directors appointed by the board of directors to determine the compensation of top executives.