CFA Practice Question

CFA Practice Question

Which of the following is correct?
A. One of the Corporate Governance Committee tasks is to ensure that compensation of executive management encourages them to act to enhance the firm's profitability and value.
B. The Nominations Committee identifies individuals qualified to become Board members of the Board of Directors.
C. One of the Corporate Governance Committee tasks is to ensure that the financial information reported by the firm to its shareholders is complete, accurate, reliable, relevant and timely.
Explanation: Audit Committee's task is to ensure that the financial information reported by the firm to its shareholders is complete, accurate, reliable, relevant and timely. Remuneration/Compensation Committee task is to ensure that compensation of executive management encourages them to act to enhance the firm's profitability and value.

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