Question

Strong corporate governance relies on a strong board of directors. Which of the following would be a strong candidate to be a board director for XYZ, Inc.?A. Community member who has already served on the board for 15 years.B. Investor who has a multi-million-dollar joint venture with the CEO and CFO.C. Retired controller of a Fortune 500 company.D. Community member who receives annual large consulting contracts from XYZ.

Answer 1

C) Retired controller of a Fortune 500 company.

Step-by-step explanation:

Corporate governance refers to the rules and practices that dictate how a company is run. Strong corporate governance ensures that the board of directors will have a solid relationship with the shareholders, the employees and the community.

The strongest candidate for XYZ's board is the retired controller of a Fortune 500 company, since he can provide experience, knowledge and independence to the board.