Quiz 1-Governance

Overseeing aspects of the employment of the management team including management remuneration, performance and succession planning is the responsibility of the

• Management

• Board of Directors

• Board of Trustees

• External Auditor

Apply expertise and skills in the organization’s best interests is the responsibility of the

• Board of Directors

• Board of Trustees

• Management

• Independent Directors

Assume day to day responsibility for the organization's conformance with relevant laws and regulations and its compliance framework is the responsibility of the

• Board of Directors

• Management

• Internal Auditor

• External Auditor

Perform audits of companies for compliance with company policies and laws, audits to evaluate the efficiency of operations, and periodic evaluation and tests of controls is the responsibility of the

• External Auditor

• Internal Auditor

• Audit Committee

• Management

What are the two regulatory agencies of the corporation

• SEC and DTI

• DTI and GOCC

• SEC and Board of Accountancy

• SEC and Board of Professional Teachers

The Board of Directors represent the

(a)  

Stock Corporation: Board of Directors
Non-stock Corporation: ________

• Board of Directors

• Board of Trustees

• Members

• Management

Stock Corporation: Shareholders
Non-stock Corporation: ______________

• Members

• Trustees

• Appointees

• Partners

To provide information to the board is the responsibility of the

• Board of Directors

• Independent Directors

• Management

• Board of Trustees