Core Principles of Corporate Governance

1.        Which of the following depicts the core principle of accountability in the organization?

• a.

  doing the tasks assigned to you and be liable for any errors.

• b.

  giving clear information to all employees in the company.

• c.

  having a environmentalist campaign in the company.

• d.

  leading people to be future leaders

2.        Which of the following core principles emphasizes the importance of the “common good”?

• a.

  Transparency

• b.

  Accountability

• c.

  Fairness

• d.

  Stewardship

3. 3.

4. Which of the following refers to a penalty or punishment as a means of enforcing obedience to a law?

• a.

  Answerability

• b.

  Sanction

• c.

  Redress

• d.

  System Improvement

4. 4.

5. Which of the following pertains to the act of setting right an unjust situation?

• a.

  Answerability

• b.

  Sanction

• c.

  Redress

• d.

  System Improvement

5. 5.

6. Which of the following is the system of rules, policies, and practices that govern a company or a non-profit organization?

• a.

  Governance

• b.

  corporate governance

• c.

  rules of law

• d.

  fairness

6. 6.

7. Which of the following refers to the quality of making judgements that are free from discrimination?

• a.

  Transparency

• b.

  Accountability

• c.

  Fairness

• d.

  Stewardship

8. 7.

9. Which of the following refers to the obligation to demonstrate that work has been conducted in compliance with agreed rules and standards?

• a.

  Transparency

• b.

  Accountability

• c.

  Fairness

• d.

  Stewardship

8. 8.

9. Which of the following refers to the situations in which one’s personal interest conflict with professional interest?

• a.

  System improvement

• b.

  Sanction

• c.

  conflict of interest

• d.

  Rules

9. 9.

10. Why are the core principles of corporate governance important?

• a.

  So that conflicts of interest will be eliminated

• b.

  So that there will be an effective and efficient leader in the organization

• c.

  So that there will be a wise-decision making by the leaders of the organization

• d.

  So that interests in the organization will be balanced

10. 10.

11. Which of the core principles addresses the right of every people to information on matters of public concern?

• a.

  Transparency

• b.

  Accountability

• c.

  Fairness

• d.

  Stewardship