TKK - Corporate Governance and Board of Directors

Quiz
•
Business
•
University
•
Easy
Rohmawati Kusumaningtias
Used 6+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
What is the primary role of the board of directors in corporate governance?
To maximize profits for shareholders at any cost
To provide oversight and guidance to the company's management, make strategic decisions, and ensure the company is operating in the best interest of its stakeholders.
To handle day-to-day operations of the company
To ignore the concerns of stakeholders and focus solely on profitability
2.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
What are some of the key responsibilities of the board of directors?
Handling day-to-day operations
Setting strategic direction, appointing executive team, ensuring financial accountability, representing shareholders' interests
Managing employee benefits
Creating marketing campaigns
3.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
Explain the importance of board composition and structure in corporate governance.
Diversity among board members is not important for effective oversight
It is not necessary for board members to have expertise or independence
Board composition and structure have no impact on corporate governance
The importance of board composition and structure in corporate governance lies in their ability to ensure diversity, expertise, and independence among board members, leading to effective oversight, strategic guidance, and decision-making for the company.
4.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
Name at least three common board committees and their respective functions.
Quality Control Committee, Research and Development Committee, Customer Service Committee
Finance Committee, Marketing Committee, Human Resources Committee
Audit Committee, Compensation Committee, Nominating and Governance Committee
Technology Committee, Sales Committee, Legal Committee
5.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
Why is board evaluation and performance important in corporate governance?
To provide entertainment for the board members
To assess the effectiveness of the board in fulfilling its responsibilities, identifying areas for improvement, and ensuring accountability to shareholders and stakeholders.
To determine the best color for the boardroom walls
To practice board games during meetings
6.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
What does it mean for a director to be independent, and why is it important?
Independent directors are selected based on their personal connections to the company's management, which is important for networking.
Independent directors are not required to have any expertise or experience in the industry, which is important for diversity.
Independent directors are only concerned with maximizing profits for the company, which is important for financial success.
Independent directors are not influenced by the company's management and can provide unbiased oversight, which is important for ensuring transparency and accountability.
7.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
Discuss the qualifications that make a director suitable for a board position.
Familiarity with social media platforms
Relevant industry experience, strong leadership skills, strategic thinking ability, financial literacy, and a good understanding of corporate governance.
Ability to speak multiple languages fluently
Experience in culinary arts
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