Co cklebiddy Co, a listed company, is currently reviewing its corporate governance practices to ensure they are compliant with regulations. The following is a description of the corporate governance policies they have in place: l A r emun e r a tion commit te es c omp ri sing 3 n on- executive directors l An audit committee comprising the finance director and the chief executive and 2 non- executive directors. l Separate people taking on the role of chairman and chief executive. (1 ) Which of th e f ol l owing bes t de fin es Corporate Governance ?
A.
Corpo rate gov ern an c e refer to t h e importance a company attaches to systems and controls.
B.
Corporate governance is the means by which a company is operated and controlled.
C.
Corporate governance is the extent to which a company is audited, both internally and externally.
D.
Corporate governance is an appraisal activity as a service to the entity.