Governance post session 1 quiz

Corporate Governance is associated with which of the following

• it involves the operational management of the company

• it is a system by which organisations are directed and controlled through checks and balances

• it is legal restrictions on what the organisation can do

• it is the financial legal requirements on what the organisation can do

What were the initial drivers for corporate governance being needed? Click all that apply

• The increase of internationalisation and globalisation

• The need for financial reporting for investors

• Increasing number of high profile corporate scandals

• The high financial power of many of these companies has indirect and direct impacts on wider social and environmental issues

Which of these groups is/are considered stakeholders?

• Shareholders

• Employees

• Customers and suppliers

• All of these options

Which of the following is NOT included in the Articles of Association?

• Lien of share

• Management of the company

• Rule regarding setting of meetings

• Voting rights

A company has been newly formed to be an online shoppoing platform. This purpose of the company will be found detailed in which document below?

• Certificate of Incorporation

• Articles of Assocation

• Memorandum of Association

• Trademark Certificate

From your reading task, what option below best describes corporate governance?

• A set of rules and procedures aimed at expanding the company's markets

• A series of structures and processes for the direction and control of a company

• A series of rules and procedures for monitoring competitors' governance processes

• A set of rules and procedures for production management

Which of these examples is NOT typical of a Public Company?

• Management by the owners themselves

• Listed on a recognized stock exchange and therefore its shares can be traded by the general public

• Minimum of 3 Directors

• Mandatory to file its earnings reports with the financial regulatory board

The 7 principles of corporate governance is associated with which framework?

• Sarbanes-Oxley Act

• UKCGC

• OECD

• South Africa's King Report

Which of the below stakeholders are NOT included in Tier 3 of Stakeholders/Shareholders?

• Investors

• Government

• Environment

• Society

Using the King Report's 7 characteristics of corportate governance, what is the correct description of Responsibility?

• Individuals or groups in the company, who make decisions and take actions on specific issues need to be accountable for what they do.

• This is a measure of how good management is at making necessary information available in a clear, accurate and timely manor.

• With regard to management, responsibility relates to behaviour that allows for corrective action and for penalizing mismanagement.

• A good corporate citizen is increasingly seen as one that is non-discriminatory, non-exploitative and responsible with regard to environmental and human rights issues.