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Corporate governance is the set of internal controls, processes and procedures defining how a firm is managed. Which of the following statements concerning corporate governance is least accurate? A. Good corporate governance dictates that the firm’s financial, operating and governance activities are reported to stakeholders in a fair, accurate and timely manner. B. Good corporate governance means that the board can work effectively with management. C. Corporate governance defines the appropriate rights, roles and responsibilities of management, the board, and stakeholders within a firm. |