Which term is NOT part of the INSIDE A CRAB mnemonic for Corporate Governance?

• A. Internal Audit
• B. Nomination
• C. Budgeting
• D. Shareholders

Answer: (C)

INSIDE A CRAB is used to recall governance-related elements that shape how a company is directed and controlled. Internal Audit fits because it provides independent assurance on governance, risk management, and control processes. Nomination relates to how directors are selected and the board’s independence and effectiveness. Shareholders capture the influence of owners on governance, including rights and engagement with the company. Budgeting, by contrast, is a financial management activity focused on planning and resource allocation by management, not a governance term in this mnemonic. So Budgeting isn’t part of INSIDE A CRAB, while Internal Audit, Nomination, and Shareholders are.