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Basic Question 0 of 6
Which of the following best defines the concept of corporate governance?
B. Identifiable and measurable accountabilities for all stakeholders
C. Corporate values and governance structures that ensure business is conducted in an ethical, competent, fair, and professional manner
D. A system of principles, policies, and procedures used to manage and control the activities of a corporation so as to overcome conflicts of interest inherent in the corporate form
A. A system for monitoring managers' activities, rewarding performance, and disciplining misbehavior
B. Identifiable and measurable accountabilities for all stakeholders
C. Corporate values and governance structures that ensure business is conducted in an ethical, competent, fair, and professional manner
D. A system of principles, policies, and procedures used to manage and control the activities of a corporation so as to overcome conflicts of interest inherent in the corporate form
User Contributed Comments 4
| User | Comment |
|---|---|
| danlan | It's more used to overcome conflicts among different group in a same corporate, that's why D and not A |
| Poorvi | I thought it was C! That is Corporate Ethics I guess. |
| group | D is a more complete answer since it talks about priniciples, policies and procedures used to manage and control activities of a corporation in order to overcome conflicts of interest inherent in the corporate form. |
| ascruggs92 | It is also not A because it is not just to monitor management, but to look out for shareholders best interests in general |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
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Learning Outcome Statements
explain the appropriate adjustments to net income, earnings before interest and taxes (EBIT), earnings before interest, taxes, depreciation, and amortization (EBITDA), and cash flow from operations (CFO) to calculate FCFF and FCFE;
calculate FCFF and FCFE;
CFA® 2025 Level II Curriculum, Volume 4, Module 22.