Corporate Governance Masterclass

1. What is the best definition of Corporate Governance?

• 1.    The internal structure designed to allow the organisation to comply with laws and regulations

• 2.    A commitment to economic development by working with stakeholders to improve their lives

• 3.    A set of tools to help management run the day to day activities of the business

• 4.    The same as Corporate social responsibility

• 5. A system by which the organisation is directed and controlled on behalf of its stakeholders

2.Who should have overall responsibility for Corporate Governance?

• 1. Risk Management

• 2. The Board

• 3. Internal Audit

• 4. The Strategy Department

• 5. The Compliance function

3. What is ESG?

• 1. Energy safety guidelines

• 2. Equipment safety guidance

• 3. Environmental, Social & Governance

• 4. Effective standards of Government

4. What is a KRI?

• 1. Key review instruction

• 2. Key ring installation

• 3. Key residual impact

• 4. Key risk indicator

5. What is CSR?

• 1.    Corporate social responsibility

• 2.   Customer satisfaction research

• 3.   Customer service responsibility

• 4. Corporate skills research

6. Is reputation damage?

• 1. A risk

• 2. A cause

• 3. The effect of a risk event

• 4. None of the above

7. Which of the following is the best definition of risk exposure?

• 1. The risk you have today

• 2. The risk you have today

• 3. Events where the risk is not currently acceptable

• 4. The risks on the horizon

8. What is IT Governance?

• 1. How IT deals with requests

• 2. The need to ensure that major changes to IT priorities are determined by the business and supported by the IT function

• 3. The IT department

• 4. Reporting of IT failures

9. Which of the following is NOT a good definition of reputation?

• 1. Corporate Brand

• 2. Image

• 3. Something you cannot insure

• 4. Financial performance

• 5. External perception of the organisation

10. Which of the following is NOT a Governance role of the Audit Committee?

• 1. Overseeing the relationship between Internal and External Audit

• 2. Giving instructions to the Head of Internal Audit

• 3. Overseeing the financial reporting process

• 4. Ensuring key regulatory and legal requirements are met

• 5. Representing the major stakeholders