Question

    What role does the principle of transparency play in corporate governance?

    A Enhancing corporate secrecy Correct Answer Incorrect Answer
    B Timely and accurate disclosure Correct Answer Incorrect Answer
    C Concealing financial information Correct Answer Incorrect Answer
    D Minimizing shareholder involvement Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Disclosure and Transparency : The framework should ensure that timely and accurate disclosure is made on all material matters regarding the corporation, including the financial situation, performance, ownership, and governance of the company.

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