Who runs the company operations for large companies?

• Shareholders

• Board of Directors

• External auditors

• Stakeholders

Which are elements for the needs of good governance?: More than 1 answer

• Good board practices

• Control environment

• Well-defined shareholders

• Transparent disclosure

• Board commitment

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

Which is BEST explanation for administrative structures?

• By initiating recycling efforts and reducing waste and pollution. Good corporate governance identifies ways to improve company practices and also promotes social good by reinvesting in the local community.

• To ensure this accountability, directors must be accessible to shareowner inquiry concerning their key decisions affecting the company’s strategic direction.

• Any information about a company, both financial and non financial should be easily made available and understood by the public.

• The structure of a corporation’s governance determines the efficiency and accuracy of the flow information through and from a corporation.

Which of the answer below explain the elements of corporate governance for Administrative Structure?

• Corporate governance encompasses rules as well as the framework of relationships and process designed to ensure that company managers and directors act in the interests of the company and, ultimately, shareholders.

• When employees understand management’s strategies and are allowed to monitor the company’s financial performance, they understand their roles within the company.

• Dishonesty between management and board of members, or board members and shareholders, weakens the health of a corporation’s governance.

• A company is likely to experience indirect economic benefits such as improved productivity and corporate reputation by taking those factors into consideration.

What is the main functions of Audit Committee?: More than 1 answer

• Reviews issues of accounting policy and presentation of external financial reporting

• Monitors the work of the internal function

• Ensures that an objective and professional relationship is maintained with the external and internal audit

• Ensures organization in managed in a manner that fits the best interests of all.

Which is NOT the roles of audit committee?

• Review the work of internal audit

• Review the system of internal control.

• Appropriate resources are committed to companies.

• May launch special investigations

Who is A and B?

• A - Director

  B - Independent directors

• A - Chairman

  B - Auditor

• A - Non executive director

  B - Lawyer

• A- Chairman

  B - Independent director

"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

What can poor corporate governance lead to?

• Flailing Economy

• Firings

• Financial difficulties

• New Board-members