单选题 Which of the following statements regarding corporate governance practices is FALSE?

A. Corporate governance is the system of internal controls/procedures by which firms are managed.
B. Corporate governance provides a framework that defines rights of management and the board.
C. Corporate governance is not as important for firms with largely dispersed minority shareholders.

【正确答案】 C

【答案解析】Good corporate governance practices are extremely important in the case of firms with largely dispersed minority shareholders. The other statements are correct.