Explain the terms “comply or explain” and “comply or else”. In your opinion, is there too much latitude in 'comply or explain'? On the other hand, is 'comply or else' too restrictive? In which case is there a greater likelihood for unethical conduct, and would that therefore justify more use of the other?

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The terms comply or explain are used in corporate fields of governance and financial regulation to mean either choosing to be bound by the already set ... View the full answer