24.11 The directors'deliberations must be balanced by taking into account everyone who has a legitimate
interest in the company and respecting their rights and views.
This statement describes which concept?
C Probity(1 mark)
24.12 Which of the following statements is a definition of probity?
A Open and clear disclosure of all relevant information
B Telling the truth and not misleading stakeholders
C Accepting the blame or credit for decisions
D Answerable in some way for the consequences of its actions(2 marks)
24.11 A Rationale:This is a definition of fairness.
24.12 B Rationale:Option A is a definition of openness,C is responsibility and D is accountability.