Corporate Governance and Ethics Quiz

What are the principles of good corporate governance and best practice recommendations in Australia?

What is the SEC Code of Corporate Governance for Public Companies and Registered Issuers?

• Establishing clear roles and responsibilities of the board

• Reinforcing board independence

• Establishing a competent board

• Establishing board committees

• Fostering commitment

What is the definition of ethics?

What is the relationship between ethics and business?

What is the importance of ethics in business?

What does business ethics pave the way for?

• A common ground of the fundamental idea of what is right and good

• A way to maximize profits

• A set of legal standards

• A subjective morality

How does business ethics help in resolving moral problems?

• By providing legal guidelines

• By offering a novel way of resolving dilemmas

• By maximizing profits

• By setting subjective moral standards

What is the relationship between ethics and business?

• Business actions must be subjected to moral rules

• Business is solely about making profits

• Laws are always sufficient

• Ethics is not important in business

What is a corporate code of conduct?

• A codified set of ethical standards

• A legal requirement for businesses

• A guideline for maximizing profits

• A subjective moral guideline

What is one aspect of conduct mentioned?

• The principles of the basis of judgments

• Maximizing profits

• Legal compliance

• Subjective morality