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Which of the Following Was Not a Finding of the Cadbury

Question 42

Multiple Choice

Which of the following was not a finding of the Cadbury Commission?


A) Audit and compensation committees should be made up entirely of independent directors or, at least, have a majority of them.
B) Auditors should be rotated, and there should be fuller disclosure of non-audit work.
C) The CEO should not be chairman of the board, and at the very least there should be a lead independent director with similar agenda-setting powers.
D) The CEO and the CFO should personally attest to the accuracy of the financial statements presented to shareholders.

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