Which of the Following Is a Valid Criticism of the CSA

Multiple Choice

Which of the following is a valid criticism of the CSA corporate governance policies adopted as "best practices" guidelines in June 2005 by the Canadian Securities Commissions?

A) Enforced mandatory guidelines increase the lifting of the corporate veil.
B) They fail to nationally harmonize securities regulation policies.
C) They fail to enforce the effective oversight of the auditing profession.
D) Non-mandatory guidelines are ineffective compared to enforceable deterrents.