Font size
WorksheetsCG MCOMO2O1 - CORPORATE GOVERNANCE
Total questions: 20
Worksheet time: 20mins
Which is NOT TRUE about the needs for corporate governance?
To avoid mismanagement
To enable companies operate more efficiently, to improve access to capital, mitigate risk and safeguard stakeholders
To increase the accountability of your company and to avoid massive disasters before they occur
To analyze of an organization's operations and maintenance of systems of internal controls can help detect and prevent various forms of fraud and other accounting irregularities.
Who runs the company operations for large companies?
Shareholders
Board of Directors
External auditors
Stakeholders
Which is BEST definition for Corporate Governance?
A system of law and sound approaches by which corporations are directed and controlled focusing on the internal and external corporate structures with the intention of monitoring the actions of management and directors and thereby mitigating agency risks which may stem from the misdeeds of corporate officers
A part of regulatory and market mechanisms, the roles and relationships between a company’s management, its board directors, its shareholders and other stakeholders, and the goals for which the corporation is governed
Essentially involves balancing the interests of a company's many stakeholders, such as shareholders, senior management executives, customers, suppliers, financiers, the government, and the community.
Refers to the way a corporation is governed. It is the technique by which companies are directed and managed. It means carrying the business as per the stakeholders' desires
What is it means by good board practices?
Board of Directors clearly defined roles and authorities.
Planning appropriate Board procedures
Risk management framework present
Director remuneration in line with best practice
Elements of an Effective Corporate Governance System are
Accountability
Transparency
Regulatory framework
Business ethics and social responsibility
What is the main functions of Audit Committee?( you can mark more than one option)
Reviews issues of accounting policy and presentation of external financial reporting
Monitors the work of the internal function
Ensures that an objective and professional relationship is maintained with the external and internal audit
Ensures organization in managed in a manner that fits the best interests of all.
Key players in good corporate governance are
Directors and management of corporation
Audit committee members
Internal and External auditors
Shareholders
All of the above
Corporate governance is most often viewed as both the structure and the relationships which determine corporate direction and performance.
True
False
Corporate governance does not have any impact on the share price.
True
False
Accountability, Transparency, governance and Objectives are the four pillars of Corporate Governance.
True
False
A board of directors (BoD) is an elected group of individuals that represent shareholders.
True
False
Which are elements for the needs of good governance?
Good board practices
Control environment
Well-defined shareholders
Transparent disclosure
Board commitment
"Successful business leaders not only realize the importance of giving back to society, but they also consider the social and environmental responsibilities of their business with the ultimate goal of sustainable global development."
This statements refers to
Needs of corporate governance
Advantages of having audit committee
Audit committee structure
Elements of corporate governance
Corporate Governance starts with shareholders or owners delegating responsibilities directly to operating unit.
true
false
True or False. Under Corporate Communication, external communication includes information released within the organization that helps build our company identity and instilling pride to our team members
True
False
Corporate Strategy is...
Concerned with the day-to-day operational activities, where all planning become actions.
Related to the operating divisions and departments of the organisation
More about developing and sustaining a competitive advantage for the goods and services that are produced
Concerned with the selection of businesses in which the company should compete and the coordination of that portfolio of business.
What is the key factor that might lead companies to review and re-define their corporate strategy?
Customer Behaviour
Digital & Technological Transformation
Economic & Regulatory Environment
All of above
