Audit Committee vs. Compensation Committee
Not what you're looking for?
Which is more important to effective corporate governance: an audit committee or a compensation committee? Why? Explain your answer.
Purchase this Solution
Solution Summary
This solution explains if an audit committee or a compensation committee is more important to sound, effective corporate governance.
Solution Preview
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 ...
Purchase this Solution
Free BrainMass Quizzes
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.