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　　Which of the following can be the most effective monitoring device for effective corporate governance?
　　A. The audit committee of the board of directors.
　　B. The SEC.
　　C. Stock analysts.
　　D. Shareholders.
　　Answer:A
　　A is corrent. The audit committee of the board of directors can be very effective as an instrument of corporate governance.
　　B is incorrect. The SEC cannot be as effective as the audit committee.
　　C is incorrect. Stock analysts cannot be as effective as the audit committee.
　　D is incorrect. Shareholders cannot be as effective as the audit committee.