ABC. Inc. is a publicly traded, multi-national corporation. Which of the following statements is TRUE regarding the corporate governance requirements that ABC is subject to?
A.
ABC must comply with specific listing standards for the stock exchange(s) on which it is listed
B.
ABC is required to comply with G20/OECD Principles of Corporate Governance
C.
ABC is not required to comply with any corporate governance requirements because it operates in multiple jurisdictions
D.
ABC is subject to the Universal Corporate Governance Act because it is a publicly traded corporation.
Corporate Governance Requirements for Public Corporations:
Publicly traded companies must adhere to the listing standards of the stock exchanges where their shares are traded (e.g., NYSE or NASDAQ).
B. G20/OECD Principles:These are guidelines, not binding requirements.
C. No requirements:Incorrect; corporate governance regulations apply regardless of jurisdiction.
D. Universal Corporate Governance Act:No such act exists globally.
Conclusion:Public corporations must comply with stock exchange-specific listing standards.
[References:Corporate governance standards and listing requirements., , , , ]
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