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Business, 28.05.2020 05:00 mxltie1651

Accounting scandals that led to investigations of such well-known companies as AOL Time Warner, Global Crossing, Enron, Qwest Communications, and WorldCom resulted in the conviction of a number of corporate executives and the passage of the Sarbanes-Oxley Act of 2002. In these cases, the board of directors did not fulfill which of the following important obligations?

Instituting a compensation plan for top executives that rewards them for actions that serve stakeholder interests

All of these choices are correct.

Critically appraising the company’s direction, strategy, and business approaches

Creating meeting agendas to deal with regulatory compliance issues

Overseeing the company’s financial accounting and financial reporting practices

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