CG 3

Which act in the United States is known for its influence on corporate governance regulations?

• Cadbury Report

• Sarbanes-Oxley Act

• Viénot Report

• Nolan Principles

What was the response from the US government to the collapse of Enron, WorldCom, and others?

• Cadbury Report

• Sarbanes-Oxley Act

• King Report

• Viénot Report

Which country produced the world's first corporate governance code in response to corporate failures?

• Australia

• United Kingdom

• Canada

• United States

What is the main purpose of the Securities and Exchange Commission (SEC) in the United States?

• To regulate non-profit organizations

• To protect investors and maintain fair markets

• To promote international trade

• To oversee environmental regulations

Which country follows the 'Anglo-American' approach to corporate governance?

• Germany

• France

• United States

• China

What is the main difference between the Anglo-American and Continental European approaches to corporate governance?

• Common law vs. civil law

• Unitary board vs. two-tier board

• All of the above

• None of the above

Which country introduced the Hilmer Report in 1993 related to corporate governance?

• Australia

• Canada

• South Africa

• Sweden

What are the Commonwealth Principles for Corporate Governance focused on?

• Board appointments and strategy

• Leadership and technology

• Company performance and compliance

• All of the above

As per the Public Company Oversight Board created by the Sarbanes-Oxley Act, who does the auditor work for and report to?

• The management of the company

• The chairman of the board

• The audit committee of the board

• CEO of the company

Which act required public companies to disclose information and have annual reports on internal accounting controls?

• Viénot Report

• King Report

• Sarbanes-Oxley Act

• Cadbury Report