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WorksheetsCorporate Governance Masterclass
Total questions: 12
Worksheet time: 12mins
1. What is the best definition of Corporate Governance?
1. The internal structure designed to allow the organisation to comply with laws and regulations
2. A commitment to economic development by working with stakeholders to improve their lives
3. A set of tools to help management run the day to day activities of the business
4. The same as Corporate social responsibility
5. A system by which the organisation is directed and controlled on behalf of its stakeholders
2.Who should have overall responsibility for Corporate Governance?
1. Risk Management
2. The Board
3. Internal Audit
4. The Strategy Department
5. The Compliance function
3. What is ESG?
1. Energy safety guidelines
2. Equipment safety guidance
3. Environmental, Social & Governance
4. Effective standards of Government
4. What is a KRI?
1. Key review instruction
2. Key ring installation
3. Key residual impact
4. Key risk indicator
5. What is CSR?
1. Corporate social responsibility
2. Customer satisfaction research
3. Customer service responsibility
4. Corporate skills research
6. Is reputation damage?
1. A risk
2. A cause
3. The effect of a risk event
4. None of the above
7. Which of the following is the best definition of risk exposure?
1. The risk you have today
2. The risk you have today
3. Events where the risk is not currently acceptable
4. The risks on the horizon
8. What is IT Governance?
1. How IT deals with requests
2. The need to ensure that major changes to IT priorities are determined by the business and supported by the IT function
3. The IT department
4. Reporting of IT failures
9. Which of the following is NOT a good definition of reputation?
1. Corporate Brand
2. Image
3. Something you cannot insure
4. Financial performance
5. External perception of the organisation
10. Which of the following is NOT a Governance role of the Audit Committee?
1. Overseeing the relationship between Internal and External Audit
2. Giving instructions to the Head of Internal Audit
3. Overseeing the financial reporting process
4. Ensuring key regulatory and legal requirements are met
5. Representing the major stakeholders
11. What is a target risk?
1. The risk you are forced to take by the regulators
2. The risk you are happy to keep (the goal)
3. The risk remaining after applying controls
4. The same as residual risk
12. What is BCP?
1. Business case priority
2. Budget cap process
3. Better control plans
4. Business Continuity planning
Behaviour control personnel
