corporate governance

What does the term "corporate" refer to?

• Government entity

• Non-profit organization

• Legal entity formed for business

• Educational institution

Who is responsible for appointing and overseeing the management of a corporation?

• Shareholders

• Government

• Board of Directors

• CEO

Which of the following is NOT an objective of corporate governance mentioned?

• Protecting shareholder interests

• Promoting management effectiveness

• Ensuring ethical decision-making

• Maximizing short-term profits

Which components are considered part of the internal mechanism of corporate governance?

• Financial Market, Ownership Structure, Legal Infrastructure

• Ownership Structure, Market of Goods & Services, Financial Statements & Auditors

• Financial Statements & Auditors, Market of Goods & Services, Board of Directors

• Legal Infrastructure, Board of Directors, Financial Market

The primary stakeholders are:

• Customers.

• Suppliers.

• Shareholders.

• Creditors.

The chairperson of the board of directors and CEO should be leaders with:

• Vision and problem solving skills.

• The ability to motivate.

• Business acumen.

• All of the above.

Codes of conduct and codes of ethics

• rarely become an effective component of the ethics and compliance program.

• are designed for top executives and managers, not regular employees.

• become necessary only after a company has been in legal trouble.

• are formal statements that describe what an organization expects of its employees.

Who runs the company operations for large companies?

• Shareholders

• Board of Directors

• External auditors

• Stakeholders

a) Financial information disclosed

b) Non-financial information disclosed

c) Financial prepared according to International Financial Reporting Standards (IFRS)

The point above suitable for need of good governance of

• Control environment

• Board commitment

• Well-defined shareholders

• Transparent disclosure

"Successful business leaders not only realize the importance of giving back to society, but they also consider the social and environmental responsibilities of their business with the ultimate goal of sustainable global development."

This statements refers to

• Needs of corporate governance

• Advantages of having audit committee

• Audit committee structure

• Elements of corporate governance