In the country of Zanadu, the population has a risk seeking attitude towards financial matters. Zanadu’s financial system is likely to be:

Under a unitary board structure, a company’s board of directors is responsible for both management of the business and reporting to:

The agency problem is behind the need for sound corporate governance. The ‘principal’ in this agency relationship is:

A consultant has made the following statements, which he maintains are drawn from the definition of corporate governance in the OECD’s Principles of Corporate Governance . Statement (1): Corporate governance comprises the practices and procedures for ensuring that a company is run in such a way that it achieves its objectives. Statement (2): Corporate governance is a set of relationships between a company’s management, its board, its shareholders and other stakeholders. Requirement Which two of the following are principles in the Wates Principles?

A financial system comprises which three of the following

Woolmer plc adopts corporate responsibility as a key element in its strategies. This will mean that the company seeks to:

In seeking to address the problem of the separation of ownership and control, corporate governance attempts to align the interests of which two of the following stakeholders?

The stewardship approach to corporate governance requires directors of limited companies:

The board of directors of Lake plc is concerned that the current chief executive’s actions are undermining the ethical culture at the company. She fails to listen to the concerns of managers about unfair treatment of suppliers, and she has failed to learn from a recent scandal in which the company was fined for data protection breaches. Requirement To improve the ethical culture at Lake plc, which of the following is the most important action for the board to take?

Protea plc manufactures sporting equipment for leisure centres. The Chair is Jonathan Potter, and the Chief Executive is his daughter Elise. All of the directors receive bonuses based on annual profits. The company’s sales are made by individual salespeople who routinely bypass the company’s strict credit check procedures. A number of irrecoverable debts have arisen in the current year that would have affected profitability and the share price, if the Finance Director had not manipulated the accounts. Requirement From this information, what are the likely corporate governance issues at Protea plc?

Which of the following is a list of the five key elements of good corporate governance?

Ultra Zeta AG is a company based in Germany. The business has a dual board structure for its Board of Directors. Requirement Which of the following types of board forms part of the company’s board structure

The national culture in the country of Erewhon is characterised by a high ‘power distance’ score, and an acceptance that power is distributed unequally, and concentrated in the hands of a small number of key individuals. By contrast, the country of Wenland has a lower ‘power distance’ score, and people strive to get power distributed more evenly. The following statements have been made:

(1) The corporate governance code in Erewhon prohibits the role of CEO and chair being combined, but the code in Wenland permits this. (2) The corporate governance code in Wenland requires a higher proportion of independent NEDs on the board than the code in Erewhon does.

Which of the following statements about whistle-blowing is/are true? (1) Whistle-blowing involves the disclosure by an employee of illegal or unethical behaviour in the workplace. (2) Employees should always report concerns about unethical behaviour to their line manager in the first instance.

Which three of the following are core aspects of South Africa’s King Report?

Goldenwood plc is a multinational company that makes sweets and sugary drinks targeted at children between the ages of 4 and 8 years old. The company regularly advertises its products during prime time children’s television programmes and on popular YouTube channels with high numbers of child subscribers. In recent weeks, the company has received adverse publicity because of its targeting of young children which has been branded as ‘unethical’. Requirement Which business function is impacted by this ethical issue?

Which two of the following are principles in the Wates Principles?

Which two statements about the Wates Principles are true?

The following are potential aims for sustainability: (1) End poverty (2) Fight inequality (3) Stop climate change Requirement Which of the aims above are overall aims of the UN Global Goals for sustainable development?