单选题 All of the following practices constitute good corporate governance, EXCEPT: A. the firm's financial, operating, and governance activities are reported to shareholders in a fair, accurate, and timely manner, and management acts independent of the board of directors. B. the firm's financial, operating, and governance activities are reported to shareholders in a fair, accurate, and timely manner, and the board of directors protects shareholder interests. C. there are proper procedures and controls coveting management's day-to-day operations and the firm acts lawfully in dealings with shareholders.
【正确答案】 A
【答案解析】The board of directors must be able to act independent of management, not vice versa. All of the other practices are examples of good corporate governance.