|Practice Question 1|
Which of the following best defines the concept of corporate governance?
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 the 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.
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