As a result of accounting scandals, several methods have been developed to deal with the issues of corporate governance.They are all of the following EXCEPT:
A)The Board must select only SEC approved consultants.
B)Chairman of the Board position should be split from the CEO position.
C)Board of Directors should have a majority of independent directors.
D)The Board of Directors must explain its approach for adopting a code of ethics for the CEO and senior financial officers.

Question

Quizplus · Accepted Answer

While the other options have been implemented as methods to improve corporate governance, selecting only SEC approved consultants is not a widely used approach. Instead, companies may choose to engage outside auditors or consultants that have a good reputation in the industry and are known for their integrity and independence.

As a Result of Accounting Scandals, Several Methods Have Been