Corporate Finance - Corporate Finance Section 1
16. Which committee is responsible for a company’s code of ethics and conflict of interest policy?
- Option : B
- Explanation : The governance committee is responsible for a company’s code of ethics and conflict of interest policy.
17. Which of the following is a mechanism to protect the rights of creditors?
- Option : A
- Explanation : A retired executive can have good terms with the senior management and thus the independence of the committee can be compromised.
- Option : A
- Explanation : The nomination committee establishes criteria for the board of directors and the search process.
20. Which of the following is not a responsibility of the governance committee?
- Option : C
- Explanation : Determination of factors constituting director independence is a responsibility of the nomination committee.
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