Governance 1-4, 11-12

The basic principle of "transparency and full disclosure" for effective corporate governance responds positively to the following questions except.

• Does the board of directors safeguard integrity in financial reporting?

• Does the board meet the information needs of investment communities?

• Can an outsider meaningfully analyze the firm's actions and performance?

• Has the board -built long-term sustainable growth in shareholders' value for the corporation?

The basic principle of "accountability" for effective governance answers the following questions positively, except

• Does the board recognize and manage risk?

• Does the board lay solid foundations for management oversight?

• Does the composition mix of board membership ensure an appropriate range and risk of expertise diversity, knowledge added value?

• Does the board promote objective, ethical and responsible decision making?

"Transparency and full disclosure" principle advocates the following except

• Sound disclosure policies and practices

• Solid foundations for management oversight

• Meeting the information needs of investment communities

• Safeguards integrity in financial reporting

The rights of shareholders can be effectively upheld through the following measures except

• By establishing an audit committee

• By designing and disclosing a communications strategy to promote affective communication with shareholders.

• By encouraging active participation at general meetings.

• By requiring the external auditor to attend the annual general meeting and to answer questions about the audit.

To safeguard integrity in financial reporting, the business firm should do the following except

• Establish an audit committee

• Request the external auditor to attend the annual general meeting

• Disclose the functions reserved to the board and those delegated to management

• Disclose the policy concerning trading in company securities by directors, officers and employees.

To encourage enhanced performance by the board and management, it is recommended that the following should be adopted except

• Disclosure of the process for performance evaluation of the board, its committees, individual directors and by executives.

• A remuneration committee

• Distinguish between non-executive director's remuneration from that of executives.

• Establish policies on risks oversight and management

The characteristic of good governance where fair legal framework are enforced impartially is

• Participation

• Rule of Law

• Equity

• Accountability

could be either direct or through legitimate institutions or representatives; needs to be informed and organized; This means freedom of association and expression on one hand and an organized civil society on the other hand.

• Participation

• Rule of Law

• Equity

• Accountability

refers to a process whereby elements in society wield power, authority and influence and enact policies and decisions concerning public life and social upliftment; the process of decision-making and the process by which decisions are implemented (or not implemented) through the exercise of power or authority by leaders of the country and / or organizations.

• Governance

• Public Administration

• Politics

• Leadership

decisions taken and their enforcement are done in a manner that follows rules and regulations; information is freely available and directly accessible; enough information is provided

• Rule of Law

• Transparency

• Responsiveness

• Consensus Oriented