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All of the following practices constitute good corporate governance, EXCEPT: A. there are proper procedures and controls covering management’s day-to-day operations and the firm acts lawfully in dealings with shareholders. B. the board of directors protects shareholder interests, and the shareholders have a voice in governance. C. the firm’s financial, operating, and governance activities are reported to shareholders in a fair, accurate, and timely manner, and management acts independent of the board of directors. |