Assessment: Review the CSR record of a private sector business

Corporate governance and executive pay impact a private sector business by:

• Enhancing transparency and accountability

• Increasing operational costs

• Reducing employee morale

• Limiting market expansion

What are the financial responsibilities of a private sector business?

• Managing cash flow and budgeting

• Hiring employees

• Developing new products

• Conducting market research

In what ways can a private sector business help communities?

• By creating jobs and boosting the local economy

• By increasing pollution and exploiting resources

• By avoiding taxes and regulations

• By focusing solely on profit without community engagement

Corporate governance refers to:

• the system by which companies are directed and controlled.

• the process of hiring employees.

• the method of marketing products.

• the strategy for increasing sales.

Who makes key decisions to balance the needs of various stakeholders in an organization?

• The CEO

• The Board of Directors

• The Management Team

• The Shareholders

Executive pay refers to:

• the salary and benefits provided to top-level management in a company.

• the wages paid to all employees in a company.

• the bonuses given to sales staff.

• the hourly wage of part-time workers.

Which of the following is included in executive pay?

• Annual bonuses

• Shares in the company

• Club memberships

• All of the above

What ethical issues are associated with executive pay?

• Fairness and equity in compensation

• Impact on company performance

• Legal compliance

• All of the above

What factors are considered in ethical corporate governance?

• Transparency, accountability, fairness, and responsibility

• Profit maximization and market share

• Innovation and technological advancement

• Employee satisfaction and customer loyalty

The role of the board of directors in corporate governance is to:

• oversee the company's management and make major decisions

• handle the day-to-day operations of the company

• manage the company's finances directly

• conduct the company's marketing and sales activities