Corporate governance objective questions and answers

  • What are the four governance objectives?

    The board of directors must act following the four principles of governance — accountability, transparency, fairness and responsibility — for the best interest of stakeholders, shareholders and the business as a whole..

  • What are the objectives of corporate governance?

    To encourage good, conducive, and professional relationships and working environments, among the Company's organs, staff and community.
    To avoid any practice of business ethics violations such as avoiding conflict of interests, manipulation, false statement, bribery and discrimination..

  • What is the basic objective of corporate governance?

    The following are the objectives of corporate governance: Protect the company's resources from the dangers of mismanagement, including fraudulent activities and misuse of funds.
    Protect and improve the organization's bottom line..

  • What is the main objective of corporate governance Mcq?

    Corporate Governance deals with determining the ways to take effective strategic decisions.
    It gives ultimate responsibility to the Board of Directors..

Aug 10, 2023Corporate Governance and Business Ethics Questions and Answers: Solve the Corporate Governance and Business Ethics MCQ Quiz by Testbook and 

Corporate Governance Involves The Exercise of Control Over A Company’S

a) Finance and accounting departments. b) Manufacturing facilities. c) Entire corporate direction. d) Marketing and human resources departments.

The Goal of Corporate Governance and Business Ethics Education Is to

a) Teach students their professional accountability and to uphold their personal Integrity to society b) Change the way in which ethics is taught to studen…

External Audit of The Accounts of A Limited Company Is Required?

a) Because it is demanded by the company’s bankers b) By the companies act 2006 c) At the discretion of the shareholders d) To detect fraud

Directors Responsibilities Are Unlikely to Include

a) a duty to keep proper accounting records b) a fiduciary duty c) a duty to propose high dividends for shareholders d) a duty of care

A Company May Become Insolvent If It

a) makes a loss b) has negative working capital c) cannot meet its budgeted level of profit d)cannot pay creditors in full after realisation of its assets

Fraudulent Trading May Be

a) a criminal offence committed only by directors of a limited company b) a civil and a criminal offence committed by an employee c) a civil and a crimin…

Which One Is The Dimension(Approach) of Corporate Social Responsibility?

a) Corporate philanthropy b) Stake holders priorities and sustainable development c) Ethical business d) All of the above

Owners of Stock in A Corporation Are only Liable For .

a. the amount they have invested in the company’s stock b. their personal assets c. the amount they have invested in the company’s stock and their pers…

Triple Bottom Line Reporting refers to

a. using a low, medium and high estimates for profitability forecasts. b. measuring the impact of the firm on stockholders, customers and e…

Corporate Governance Can Be Defined as

a. the system used by firms to control the actions of their employees. b. the election process used to vote in a new Board of Director. c. the corpora…

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