The processes associated with the appointment of members of the Board of Directors' Compensation Committee is a component of a company's
A) internal controls.
B) monitoring costs.
C) corporate governance.

Question

Quizplus · Accepted Answer

The processes associated with the appointment of members of the Board of Directors' Compensation Committee are part of a company's corporate governance. Corporate governance involves the mechanisms, processes, and relations by which corporations are controlled and directed, including the practices and policies that ensure the accountability and fairness in the company's relationship with its stakeholders.

The Processes Associated with the Appointment of Members of the Board