AE 3 Q.1 BSA

1. A Board can successfully point out deficiencies or loopholes in the company operations and help solve issues internally on a timely basis.

• Self-Assessment

• Fair and Equitable Treatment of Shareholders

• Increase Shareholder's Wealth

• Transparency and Full Disclosure

2. It governs relationships among stakeholders that are used to determine and control the strategic direction and performance of organizations.

• Accountability

• Ethical standards

• Corporate governance

• Transparency

3. A characteristics of good governance wherein information is freely available and directly accessible to those who will be affected by such information.

• Accountability

• Transparency

• Rule of Law

• Participation

4. This means freedom of association and expression on one hand and an organized civil society in the other hand.

• Rule of Law

• Transparency

• Responsiveness

• Participation

5. Good governance requires that institutions and processes try to serve the needs of all stakeholders within a reasonable timeframe.

• Participation

• Responsiveness

• Rule of Law

• Transparency

6. The following are the purpose of corporate governance, except:

• To let the parties in conflict continue their squabbles

• To facilitate effective, entrepreneurial and prudent management that can deliver long-term success of the company

• To maximize the organization’s long-term success, creating sustainable value for its shareholders, stakeholders and the nation.

• To ensures the shareholders fair rate of return of investment

7. A group of individuals that exist within the company or corporation and directly involved in its administration and operation.

• Internal stakeholders

• External stakeholders

• Primary stakeholders

• Other stakeholders

8. It is a sense of responsibility to those who will be affected by its decisions or actions.

• Rule of Law

• Responsiveness

• Transparency

• Accountability

9. Are individuals who possess expertise in technological and scientific developments who offer well informed advice on scientific and ethical panels on the social and environmental risks associated with the development in science-related industries.

• Experts

• Technical Advisers

• Co-implementers

• Co-monitors

10. They are tasked with the responsibility of running the day-to day affairs of the organization.

• Shareholders

• Board of Directors

• Management

• Employees