Tube *, * A. A. 1 List Para... 1 Normal i No Spac... Heading 1 Heading Font Paragraph Styles 13 Corporate governance is: a. A coherent system of concepts that underlie financial reporting b. A term referring to management's choosing to voluntarily disclose non-compulsory information in annual reports c. The system by which corporations are directed and controlled, d. A set of broad principles that provide the basis for guiding actions or decisions 14-According to the 'Anglo-Saxon' model whose interest should be the focus of corporate governance? 2. Employees b. Shareholders c. Community d Environment 15- the element of corporate governance that ensure that the stakeholders are being provided with adequate information is: a-risk management b-board of director characteristics c-transparency and accountability d- none of the above answers is correct answer 16-earnings management a. Is illegal gilt United States