WorksheetsCorporate governance and Business Ethics
Total questions: 15
Worksheet time: 8mins
The primary stakeholders are:
Customers.
Suppliers.
Shareholders.
Creditors.
The chairperson of the board of directors and CEO should be leaders with:
Vision and problem solving skills.
The ability to motivate.
Business acumen.
All of the above.
The social economy partnership philosophy emphasizes:
cooperation and assistance.
profit maximization.
competition.
restricting resources and support.
King Report first published in 1994
True
False
Who was the chairman of King committee
Richard Greenburry
Mervyn E King
Hampel
J J Irani
To be successful, business ethics training programs need to:
promote the use of emotions in making tough ethical decisions.
educate employees on formal ethical frameworks and models of ethical decision making.
focus on personal opinions of employees.
be limited to upper executives.
One of the objectives of the Sarbanes-Oxley Act was to:
Increase the compliance burden for small companies.
Improve the quality and transparency of financial reporting.
Increase the cost of compliance with federal regulations.
Force foreign companies to delist from U.S. capital market exchanges.
Codes of conduct and codes of ethics
rarely become an effective component of the ethics and compliance program.
are designed for top executives and managers, not regular employees.
become necessary only after a company has been in legal trouble.
are formal statements that describe what an organization expects of its employees.
Consider the following recommendations:
- a minimum of three members;
- chaired by an independent director;
- a majority of independent directors;
- can comprise executive directors.
In terms of the ASX Principles, the above requirements relate to the composition of which committees?
The nomination and risk committees.
The audit and remuneration committees.
The remuneration, audit, risk and nomination committees.
The remuneration, risk and nomination committees but not the audit committee.
_____________ is a problem, situation, or opportunity requiring an individual, group, or organization to choose among several actions that must be evaluated as right or wrong.
Crisis
ethical issue
indictment
fraud
An independent director is one who:
Did not attend a school supported by the company.
Does not have outside relationships with other directors.
Does not have any other relationships with the company other than his or her directorship.
All of the above.
An organisation's obligation to act to protect and improve society's welfare as well as its own interests is referred to as
organisational social responsibility
organisational social responsiveness
corporate obligation
business ethics
What is Ethics to do with
The wider community
Business
Right or wrong
None of these
The trading of a public company’s stock or other securities like bonds or stock options by individual with possession of material, non-public information about the security is called-
Insider trading
online trading
offline trading
direct trading
An organization’s ______________ embraces the behavior, rituals and shared meaning held by employees that distinguishes the organization from all others.
External environment
Culture
Dominant culture
Ethics
