Corporate Governance in Multinational Corporations:
Multinational corporations must adhere to the legal, regulatory, and governance frameworks of each jurisdiction in which they operate. These frameworks may vary significantly across countries.
Why Other Options are Incorrect:
B:There is no Universal Corporate Governance Act applicable globally.
C:G20/OECD Principles provide guidelines but are not mandatory compliance requirements.
D:Operating in multiple jurisdictions increases governance complexity, but does not exempt corporations from compliance.
Why A is Correct:
It reflects the reality of multinational operations, where governance compliance must align with local laws and regulations.
References for All Questions:
ACFE and Treadway Commission fraud prevention guidelines.
ISSAI standards and international governance principles.
COSO framework and legal requirements for multinational corporations.
