Which of the following is most correct about how law in various countries relates to corporate governance?
A. Countries have arrived at a consensus of how the interests of various business stakeholders should be balanced, resulting in the direct facilitation of international trade and finance.
B. Industrialized countries do not have public policy regarding laws that impact business, relying instead on the free market to regulate business behaviors.
C. Much of the current debate on what constitutes good corporate governance turns on how much weight to give to the interests of shareholders, debtholders, employees, customers and suppliers, and to the protection of the environment.
D. Both A and B are true.