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WorksheetsCHAP 1, 2 & 3 SBL
Total questions: 30
Worksheet time: 28mins
Stakeholders are assessed via two axis,,
Power & Influence
Interest & Power
Internal & external
Direct & Indirect
The Corporate Citizenship (Matten) talks about the following views EXCEPT
Limited View
Moderate view
Equivalent View
Extended VIEW
CSR: According to Carrol, Ethical hierarchy refers to the following:
Obeying the law is a requirement in all societies, though legal compliance imposes greater burdens in some societies than others
To shareholders wanting dividends/capital gains, to employees wanting fair employment, to customers wanting good quality products
Organisations are required to act in a fair and just way even if the law does not compel them to do so
Charitable donations, contributions to local communities, and providing employees with the chances to improve their own lives
Suggest some ways in which principals can align their interests with those of their agents in order to address the problems identified.
i-Performance-related pay
ii-Induction programme
iii-Bonuses
iv-Share options
i & ii
i, ii, & iii
ii, iii & iv
i, iii & iv
Agency theory:-
is a contract under which one or more persons (the principals) engage another person (the agent) to perform some service on their behalf that involves delegating some decision-making authority to the agent.
is a type of internal company expense which comes from the actions of an agent acting on behalf of a principal.
is used to study the problems of motivation and control when a principal needs the help of an agent to carry out activities.
If you DON'T KNOW!, Means that someone did not STUDY!!
The 6 Capitals of Integrated Reporting are:
Financial, Manufactured, Human, Infrastructure, Natural & Social
Financial, Manufactured, Human, Intellectual, Natural & Social
Financial, Man Power, Human Resource, Intellectual, Natural & Social
Financial, Manufactured, Human, Intellectual, Environment & Social
Triple bottom line accounting in AA1000 (2008) clearly describes the goal of CSR by encouraging an organisation's activities to be accounted for in less obvious ways than just financial reporting terms:
Which of these are the correct elements?
Profit - a measure of the success of the business, but considering the redistribution of wealth which brings benefits to the local community (for example, education schemes and community projects)
Process- a system of work processes which does not harm the environment
People - the equivalent of social accounting (for example, the amount of charitable donations made)
Planet - a focus on environment performance such as waste management and recycling targets
Profit, Process & Planet
Process, People & Planet
Profit, People & Planet
Profit, Process & People
What are the TWO approaches of Sustainability?
Weak Sustainability
Moderate Sustainability
Strong Sustainability
Extreme Sustainability
Which of these are the roles of a Middle manager?
i-Advisers to senior management, as they are often closest to day-to-day operations.
ii-Reinterpretation and adjustment of strategy as circumstances change internally and externally.
iii- Embodying change is being a symbol and role model for the organisation.
iv-'Sense making' of strategy, means translating the strategy into specific contexts.
i, iii & iv
Ii, iii & iv
i, ii & iv
i ,ii, & iii
A strategy to expand a business into another location or market is known as…..
Competitive Strategy
Operational Strategy
Corporate Strategy
Marketing Strategy
Strategy on how to compete successfully in particular markets (continuing with the expansion analogy, the head of a business unit must decide where to be based, what products to sell and the markets to target etc) is a sample of…..
Corporate Strategy
Bogus Strategy
Business Strategy
Operational Strategy
A strategy to expand a business into another location or market is known as…..
Marketing Strategy
Competitive Strategy
Operational Strategy
Corporate Strategy
Which of these are the roles of a Middle manager?
i-Advisers to senior management, as they are often closest to day-to-day operations.
ii-Reinterpretation and adjustment of strategy as circumstances change internally and externally.
iii- Embodying change is being a symbol and role model for the organisation.
iv-'Sense making' of strategy, means translating the strategy into specific contexts.
i, ii & iv
i, iii & iv
i,ii & iii
ii, iii & iv
What are the TWO approaches to Sustainability?
Weak Sustainability
Moderate Sustainability
Strong Sustainability
Extreme Sustainability
Triple bottom line accounting in AA1000 (2008) clearly describes the goal of CSR by encouraging an organisation's activities to be accounted for in less obvious ways than just financial reporting terms:
Which of these are the correct elements?
Profit - a measure of the success of the business, but considering the redistribution of wealth which brings benefits to the local community (for example, education schemes and community projects)
Process- a system of work processes which does not harm the environment
People - the equivalent of social accounting (for example, the amount of charitable donations made)
Planet - a focus on environment performance such as waste management and recycling targets
Profit, Process & Planet
Profit, Process & People
Profit, People & Planet
Process, People & Planet
The 6 Capitals of Integrated Reporting are:
Financial, Manufactured, Human, Infrastructure, Natural & Social
Financial, Manufactured, Human, Intellectual, Natural & Social
Financial, Man Power, Human Resource, Intellectual, Natural & Social
Financial, Manufactured, Human, Intellectual, Environment & Social
OECD stands for:
Organisation for Economic Co-operation and Development
Organisation for Economic Corporate Governance Development
Organisation for Economic Committee and Development
Organisation on Economic Community Development
The OECD principles are grouped into five broad areas. Which of these are correct?
A) The rights of shareholders
B) Disclosure and timeliness of reports
C) The equitable treatment of shareholders
D) The role of stakeholders
E) The responsibilities of the stakeholders
A, B & D
A, D & E
A, C & D
A, C & E
Which are the features of a Rules Based Approach to CG?
A) Works on a comply or explain basis, with any departure from the specific provisions of codes requiring an explanation.
B) Non-compliance cannot be justified. A company has either succeeded or failed in complying.
C) Allows investors to decide if they agree that departure from the code is appropriate.
D) Investors tend to rely on a third party (eg SEC) to penalise the company for noncompliance.
A & B
B & C
A & D
B & D
Benefits for Principle Based Approach in CG includes the following EXCEPT for:
Provides a consistent minimum standard of governance for investors' confidence.
Allows for greater flexibility and potential cost savings.
Applies across different legal jurisdictions, which makes the governance of a multi-national business more effective
Forces both boards and shareholders to think about the consequence of governance arrangements.
Benefits of a Rules Based approach are as follows, EXCEPT:
Applies across different legal jurisdictions, which makes the governance of a multi-national business more effective.
Provides a consistent minimum standard of governance for investors' confidence.
Easier compliance with the rules, as they are unambiguous, and can be evidenced.
Forces both boards and shareholders to think about the consequence of governance arrangements.
Singapore DOES NOT allow for a Chairman to also hold the CEO position
True
False
According to UK Code of Governance, NEDs' remuneration could also include ESOS package:
True
False
Some of the areas that ongoing CPD could cover to ensure that directors continue to be adequately prepared for their roles are as follows EXCEPT:
Corporate Strategy
Financial management
Legal and regulatory issues
Audit practice and procedures
Which of these are the responsibilities of a CEO?
Ensuring the board receives accurate and timely information
Communicating effectively with significant stakeholders
Co-operate in induction and development
Facilitate effective contribution from NEDS, ensure constructive relations between execs and NEDs
The sub-committees responsible for supervising specific aspects of governance are as follows EXCEPT:
Internal Audit
Risk
Nomination
Remuneration
Which of these belongs to the role of NEDs with regards to scrutiny?
Contributing to, and challenging the direction of, strategy.
NEDs should satisfy themselves that financial information is accurate and that
financial controls and systems of risk management are robust.
NEDs are responsible for determining appropriate levels of remuneration for executives, and are key figures in the appointment and removal of senior managers and in succession planning.
NEDs should scrutinise the performance of management in meeting goals and objectives, monitor the reporting of performance. They should represent the shareholders' interests to ensure agency issues don't arise to reduce shareholder value.
Value for money (3 Es) concept refers to the following EXCEPT:
Economy - obtaining inputs of the appropriate quality at the lowest price available
Effectiveness - achieving the desired objectives as stated in the entity's performance plan
Ethics - achieving success without compromising the welfare of stakeholders
Efficiency - delivering the service to the appropriate standard at minimum cost, time and effort
Which of these are the Strategic Objectives for a Public Sector Organization?
Profit and/or market share
Achievement of State-defined service delivery to meet social need
Securing value for money with taxpayers' funds
Reporting to an oversight body (such as a board of governors)
External audit and political (as well as media) scrutiny
Demonstration of good use of public funds in meeting social need (controlled by budgets and KPIs)
Are matters related to Governance relating to:
Private sector
Public sector
