Which statement best characterizes the impact of regulatory changes on corporate governance since the 1990s?...

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Finance

Which statement best characterizes the impact of regulatory changes on corporate governance since the 1990s?

  • Corporate transparency and accountability have increased through revised reporting and oversight requirements and stiffer penalties for fraud.

  • Oversight by boards of directors and independent auditors has decreased, allowing for greater corporate flexibility.

  • New regulations require corporate managers to prioritize the interests of external stakeholders over those of shareholders.

  • Corporate governance has become untenable due to requirements that all conflicts of interest be catalogued.

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