Which is more important to effective corporate governance: an audit committee or a compensation committee? Why? Explain your answer.© BrainMass Inc. brainmass.com October 25, 2018, 8:37 am ad1c9bdddf
While they are both important elements of good corporate governance, the audit committee would rank above the compensation committee. When we consider corporate governance, we are taking into account the various policies, procedures, and factors that control the internal environment of that company. Corporate governance became a main factor in the business arena due to the creation of the Sarbanes-Oxley Act, which was a result of the immense accounting scandals that took ...
This solution explains if an audit committee or a compensation committee is more important to sound, effective corporate governance.
Evaluate CEO letter to shareholders
Read the letter to shareholders from the CEO or chairman of the board.
? Evaluate the CEO's letter, in 200 to 300 words. An effective annual report letter from
company leadership should include:
o An assessment of the firm's performance in the last year
o Both positive and negative developments
o Ideas for strategic planning for the future
? Answer the following question in your evaluation: What impressions does the letter give
you about the quality of the company's financial leadership and planning?View Full Posting Details