Question

an example of an internal governance mechanism is

(A) Shareholder activist

(B) Shareholder proposal

(C) Audit committee

(D) Incometax department​

Answer 1

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C ) Audit committee

Answer 2

an example of an internal governance mechanism is

(A) Shareholder activist

(B) Shareholder proposal

(C) Audit committee

(D) Income tax department​

The correct answer is :

(C) Audit committee

Explanation :

An audit committee is the committee, which is called the principal steering committee of the board of directors of a company. This committee is a special example of internal governance system. This committee is responsible for overseeing reporting and disclosure. All publicly traded companies are required to form a qualified audit committee to be listed on the stock exchange.

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