Question：Which of the following are characteristics of a purely principles-based approach to corporate governance?
　　A. It includes definite targets for companies to meet.
　　B. It puts the emphasis on investors making up their own minds.
　　C. It focuses on objectives.
　　D. It can stress those areas where rules cannot easily be applied.
　　E. It can be applied across different legal jurisdictions.
　　The correct answers are: It focuses on objectives; It can be applied across different legal jurisdictions; It can stress those areas where rules cannot easily be applied; It puts the emphasis on investors making up their own minds.
　　Strictly targets are characteristics of a rules-based approach, although many codes that are largely based on principles might include some targets.