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Question
Which of the following is true of the "comply or else" approach to corporate governance?
A. It set stiff financial penalties for companies that refused to abide by the operational standards.
B. It gave companies the flexibility to comply with the standards or explain why they didn't in their corporate documents.
C. Its definition of what would be an acceptable explanation for not complying was not clear.
D. It was not incorporated into the Sarbanes-Oxley Act of 2002which governs ethical behavior in corporations.
Answer
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Related questions
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