Corporate Governance for PH Publicly Listed Companies

Which principle emphasizes the need for a competent, working board?

• Establishing Clear Roles and Responsibilities of the Board

• Fostering Commitment

• Establishing a Competent Board

• Reinforcing Board Independence

What should the Board ensure regarding its members' qualifications?

• They have relevant industry knowledge.

• They remain qualified collectively.

• They remain qualified individually.

• They possess expertise in strategic direction.

According to Principle 2, how should Board members act?

• In the best interest of shareholders only.

• On a fully informed basis and in good faith.

• In the best interest of the company's competitors.

• Without due diligence and care.

Which committees should be set up to support the Board's functions?

• Audit, risk management, and nomination only.

• Audit, risk management, and remuneration only.

• Audit, risk management, related party transactions, and nomination.

• Audit, remuneration, and related party transactions only.

How can directors show full commitment to the company?

• By devoting sufficient time and attention to their duties.

• By focusing on non-financial and sustainability reporting.

• By promoting employee participation.

• By exercising an objective and independent judgment.

What is the best measure of the Board's effectiveness?

• Establishing Clear Roles and Responsibilities of the Board.

• Reinforcing Board Independence.

• Assessing Board Performance.

• Encouraging Sustainability and Social Responsibility.

What is the duty of Board members regarding ethical standards?

• Apply high ethical standards in decision-making.

• Apply low ethical standards for increased profitability.

• Apply ethical standards only to benefit shareholders.

• Apply ethical standards based on stakeholder interests.

What should the company establish regarding disclosure policies and procedures?

• Policies and procedures that are impractical.

• Policies and procedures that comply with regulatory expectations.

• Policies and procedures that discourage transparency.

• Policies and procedures that are confidential.

How can the company strengthen the external auditor's independence?

• Establishing Clear Roles and Responsibilities of the Board.

• Increasing Focus on Non-Financial and Sustainability Reporting.

• Fostering Commitment.

• Establishing Standards for Auditor Selection.

What should the company ensure regarding non-financial and sustainability issues?

• They are disclosed only to shareholders.

• They are ignored to focus on financial reporting.

• They are material and reportable.

• They are hidden from stakeholders.