38. Which one of the following independent situations would most likely be of utmost concern to an investor when reviewing a potential investment's corporate governance practices and policies? A. None of the members of the Audit Committee are from the accounting area of the company. B. Without obtaining prior management approval the Board hired external consultants to advise external consultants to advise them about recent environmental legislative C. As part of his compensation package, one director received a bonus for identifying a potential merger candidate. The company is currently negotiating a merger with that company. D. One of the directors is the president of a major supplier to the company, but he recuses himself from Board decisions related to the product technologies his company supplies. |