The mission of the Securities and Exchange Commission (SEC) is to: Protect shareholders' rights by making sure that stock markets are run fairly. In response to concerns about the lack of transparency in financial accounting, Congress passed a new law called the: Sarbanes-Oxley Act.
The directors of a company are a central factor in corporate governance because they: Exercise formal legal authority over company policy. The paramount duty of the board of directors of a public corporation is to: Select and oversee competent and ethical management to run the company.