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WorksheetsCG2 Nugroho
Total questions: 10
Worksheet time: 6mins
Who runs the company operations for large companies?
Shareholders
Board of Directors
External auditors
Stakeholders
Which are elements for the needs of good governance?: More than 1 answer
Good board practices
Control environment
Well-defined shareholders
Transparent disclosure
Board commitment
a) Financial information disclosed
b) Non-financial information disclosed
c) Financial prepared according to International Financial Reporting Standards (IFRS)
The point above suitable for need of good governance of
Control environment
Board commitment
Well-defined shareholders
Transparent disclosure
Which is BEST explanation for administrative structures?
By initiating recycling efforts and reducing waste and pollution. Good corporate governance identifies ways to improve company practices and also promotes social good by reinvesting in the local community.
To ensure this accountability, directors must be accessible to shareowner inquiry concerning their key decisions affecting the company’s strategic direction.
Any information about a company, both financial and non financial should be easily made available and understood by the public.
The structure of a corporation’s governance determines the efficiency and accuracy of the flow information through and from a corporation.
Which of the answer below explain the elements of corporate governance for Administrative Structure?
Corporate governance encompasses rules as well as the framework of relationships and process designed to ensure that company managers and directors act in the interests of the company and, ultimately, shareholders.
When employees understand management’s strategies and are allowed to monitor the company’s financial performance, they understand their roles within the company.
Dishonesty between management and board of members, or board members and shareholders, weakens the health of a corporation’s governance.
A company is likely to experience indirect economic benefits such as improved productivity and corporate reputation by taking those factors into consideration.
What is the main functions of Audit Committee?: More than 1 answer
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.
Which is NOT the roles of audit committee?
Review the work of internal audit
Review the system of internal control.
Appropriate resources are committed to companies.
May launch special investigations
Who is A and B?
A - Director
B - Independent directors
A - Chairman
B - Auditor
A - Non executive director
B - Lawyer
A- Chairman
B - Independent director
"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
What can poor corporate governance lead to?
Flailing Economy
Firings
Financial difficulties
New Board-members
