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Jon Fisher is a junior analyst for Folker Capital Management. Jim Russell, Director of Research has asked Fisher to prepare a list of items that may be included in a company’s statement of governance practices that would help assess company governance policies concerning the operation of the board of directors. Fisher’s list includes the following items:

Item 1: Board and committee self-assessment reports.

Item 2: Statement of the responsibilities directors have to review and oversee management.

Item 3: Reports of findings in directors’ oversight and review of management.

Item 4: Statement detailing how directors are trained before they join the board.
Which items should analysts include in order to understand a company’s corporate governance practices as they relate to the board of directors?


A. Item 1 only.
B. All 4 items should be included.
C. Items 1 and 3 only.
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