Which of the following is a stated principle of a NYSE report identifying key core governance principles?
A) Members of the Board of Directors should be primarily independent members.
B) Effective corporate governance should be viewed as a compliance obligation.
C) Effective corporate governance should be integrated with the company's business strategy.
D) The Board of Directors has the primary responsibility for creating a culture of integrity and ethical behavior.

Question

Quizplus · Accepted Answer

The stated principle from the NYSE report is that effective corporate governance should be integrated with the company's business strategy. This reflects the view that corporate governance is not just a compliance obligation, but rather a crucial aspect of managing a successful business. Option A is partially true but incorrect because not all members of the board need to be independent. Option B is incorrect because it presents an outdated view of corporate governance. Option D is partially true but incorrect because creating a culture of integrity and ethical behavior is a shared responsibility among all employees, not just the Board of Directors.

Which of the Following Is a Stated Principle of a NYSE