- CFA Exams
- CFA Exam: Level I 2021
- Study Session 10. Corporate Finance (1)
- Reading 31. Introduction to Corporate Governance and Other ESG Considerations
- Subject 6. Factors Affecting Stakeholder Relationships and Corporate Governance
CFA Practice Question
Shareholders and creditors can appeal to a judge to rule against management actions and decisions that are not expressly forbidden by statute or code.
B. This is possible in the civil law system but not in the common law system.
C. This is possible in both systems.
A. This is possible in the common law system but not in the civil law system.
B. This is possible in the civil law system but not in the common law system.
C. This is possible in both systems.
Correct Answer: A
In common law systems judges can create laws through judicial opinions.
User Contributed Comments 1
| User | Comment |
|---|---|
| walterli | common law-written civil law-unwritten |