Corporate Governance Quiz

What does "corporate governance" primarily aim to address?

• The financial structure of an organization

• The ethical relationship between the company and stakeholders

• The marketing strategies of an organization

• The operational management of a company

Which of the following is NOT a principle of corporate governance?

• Accountability

• Transparency

• Profit maximization

• Responsibility

Corporate governance is most closely related to:

• Financial reporting

• Marketing management

• Stakeholder management

• Tax compliance

Who is primarily responsible for corporate governance in an organization?

• Shareholders

• Board of Directors

• CEO

• Auditors

What is the primary role of the board of directors?

• Managing day-to-day operations

• Overseeing management and protecting shareholder interests

• Preparing financial statements

• Setting prices for company products

Which of the following laws governs corporate governance in India?

• Companies Act, 1956

• Companies Act, 2013

• SEBI Act, 1992

• Consumer Protection Act, 2019

The term "stakeholder" in corporate governance refers to:

• Only the shareholders of a company

• All parties affected by the company's operations

• Only the management of the company

• Only employees and customers

Which of the following is an example of poor corporate governance?

• Independent board members

• Regular internal audits

• Lack of transparency in decision-making

• Separation of CEO and Chairman roles

Which global organization developed the "Principles of Corporate Governance"?

• World Trade Organization (WTO)

• Organization for Economic Co-operation and Development (OECD)

• International Monetary Fund (IMF)

• United Nations (UN)

What does "whistleblowing" in the context of corporate governance mean?

• Encouraging ethical decision-making by executives

• Reporting unethical or illegal activities within an organization

• Promoting transparency in financial disclosures

• Ensuring customer satisfaction