Which of the following was not a finding of the Cadbury Commission?
A) Audit and compensation committees should be made up entirely of independent directors or, at least, have a majority of them.
B) Auditors should be rotated, and there should be fuller disclosure of non-audit work.
C) The CEO should not be chairman of the board, and at the very least there should be a lead independent director with similar agenda-setting powers.
D) The CEO and the CFO should personally attest to the accuracy of the financial statements presented to shareholders.
Answer: D
You might also like to view...
The use of equipment in a company is an external event
a. True b. False Indicate whether the statement is true or false
For an MBO (management by objectives) system to work, one of the four criteria that the unit's objectives must meet is that objectives must be stated quantitatively whenever possible
Indicate whether the statement is true or false
Briefly explain the advantages of vertical integration.
What will be an ideal response?
The return on total assets can be calculated as profit margin times total asset turnover.
Answer the following statement true (T) or false (F)