77. Which of the following is most consistent with the best practices of corporate governance? A. All stakeholders should have the right to participate in the governance of the firm. B. All committees within the firm should benefit from the direct guidance of management. C. Appropriate controls and procedures exist that cover management’s activities in running the daily operations of the firm.

QUESTIONS 69 THROUGH 78 RELATE TO CORPORATE FINANCE

MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2013

77. Which of the following is most consistent with the best practices of corporate governance?

A. All stakeholders should have the right to participate in the governance of the firm.

All committees within the firm should benefit from the direct guidance of management.

Appropriate controls and procedures exist that cover management’s activities in running the

daily operations of the firm.