If a franchisor does not meet the material disclosure requirements of provincial franchise laws, the franchisee may be able to have the franchise agreement rescinded and their money refunded

An internal auditor who encounters an ethical dilemma not explicitly addressed by The IIA's Code of Ethics should always:

a. Seek counsel from an independent attorney to determine the personal consequences of potential actions. b. Consult with your organizations General Counsel. c. Seek the counsel of the audit committee before deciding on an action. d. Act consistently with the employing organization's code of ethics even if such action would not be consistent with The IIA's Code of Ethics. e. Take action consistent with the principles embodied in The IIA's Code of Ethics.

Discuss some of the pros and cons of having the CEO and chair positions split

What will be an ideal response?