WorksheetsCorporate Governance for PH Publicly Listed Companies
Total questions: 20
Worksheet time: 7mins
Which principle emphasizes the need for a competent, working board?
Establishing Clear Roles and Responsibilities of the Board
Fostering Commitment
Establishing a Competent Board
Reinforcing Board Independence
What should the Board ensure regarding its members' qualifications?
They have relevant industry knowledge.
They remain qualified collectively.
They remain qualified individually.
They possess expertise in strategic direction.
According to Principle 2, how should Board members act?
In the best interest of shareholders only.
On a fully informed basis and in good faith.
In the best interest of the company's competitors.
Without due diligence and care.
Which committees should be set up to support the Board's functions?
Audit, risk management, and nomination only.
Audit, risk management, and remuneration only.
Audit, risk management, related party transactions, and nomination.
Audit, remuneration, and related party transactions only.
How can directors show full commitment to the company?
By devoting sufficient time and attention to their duties.
By focusing on non-financial and sustainability reporting.
By promoting employee participation.
By exercising an objective and independent judgment.
What is the best measure of the Board's effectiveness?
Establishing Clear Roles and Responsibilities of the Board.
Reinforcing Board Independence.
Assessing Board Performance.
Encouraging Sustainability and Social Responsibility.
What is the duty of Board members regarding ethical standards?
Apply high ethical standards in decision-making.
Apply low ethical standards for increased profitability.
Apply ethical standards only to benefit shareholders.
Apply ethical standards based on stakeholder interests.
What should the company establish regarding disclosure policies and procedures?
Policies and procedures that are impractical.
Policies and procedures that comply with regulatory expectations.
Policies and procedures that discourage transparency.
Policies and procedures that are confidential.
How can the company strengthen the external auditor's independence?
Establishing Clear Roles and Responsibilities of the Board.
Increasing Focus on Non-Financial and Sustainability Reporting.
Fostering Commitment.
Establishing Standards for Auditor Selection.
What should the company ensure regarding non-financial and sustainability issues?
They are disclosed only to shareholders.
They are ignored to focus on financial reporting.
They are material and reportable.
They are hidden from stakeholders.
Why is a comprehensive communication channel important for the company?
To increase costs for accessing relevant information.
To hinder informed decision-making by stakeholders.
To facilitate the dissemination of relevant information.
What should the company have to ensure integrity and transparency?
Respect for Stakeholders' Rights.
Strengthening Board Ethics.
Employee Participation Mechanism.
Internal Control System and Enterprise Risk Management Framework.
How should the company treat all shareholders?
Unfairly and inequitably.
Fairly and equitably.
Based on their size of shareholdings.
Without recognition of their rights.
What should stakeholders have the opportunity to obtain?
Prompt and effective redress.
Delayed and ineffective redress.
No redress for their rights.
Redress only for violations by shareholders.
What mechanism should be developed to create a symbiotic environment?
Employee Participation Mechanism.
Audit Committee Charter.
Nomination Committee Charter.
Remuneration Committee Charter.
What should the company be socially responsible towards?
Shareholders' interests.
Competitors' interests.
Communities and the environment.
Regulatory expectations only.
What should the company's disclosure policies and procedures be in accordance with?
Best practices and regulatory expectations.Shareholders' demands only.
Shareholders' demands only.
Employee preferences.
Internal control policies.
What should the company ensure regarding the selection of an external auditor?
Independence and enhanced audit quality.
Lower audit quality for cost reduction.
Limited auditor independence.
No selection process required.
What should the company recognize and protect when it comes to stakeholders?
Shareholders' interests only.
Voluntary commitments.
Stakeholders' rights.
Legal pronouncements and guidelines.
What should the company's goals align with regarding its dealings with communities?
Maximizing profit only.Balancing development and stakeholder interests.
Balancing development and stakeholder interests.
Exclusively benefiting shareholders.
Ignoring the community's interests.
