BEC review corporate governance 1

  1. What is the board of director’s primary
    responsibility?
    • To oversee the strategic direction of the organization
    • and obligations related to accountability, including financial reporting
  2. The _______________________________ primary responsibility
    is to oversee the strategic direction of the organization and obligations
    related to the accountability, including financial reporting.
    • The board of director’s primary
    • responsibility is to oversee the strategic direction of the organization and
    • obligations related to the accountability, including financial reporting.
  3. The board of director’s primary responsibility
    is to oversee the strategic direction of the organization and obligations
    related to the accountability, including financial reporting.
    • The board of director’s primary responsibility
    • is to oversee the _________________________________________________________________.
  4. In
    the membership of the board of director, at least _____ members should be
    independent if possible
    • In
    • the membership of the board of director, at least 2 members should be
    • independent if possible
  5. How
    many members of the board of directors should be independent if possible?
    2
  6. What is the corporate governance?
    • Corporate governance is the framework of rules
    • and practices by which the board of directors ensures accountability, fairness
    • and appropriate disclosure in a corporations relationship with all its
    • stakeholders.
  7. ________________________________ is the
    framework of rules and practices by which the board of directors ensures
    accountability, fairness and appropriate disclosure in a corporations
    relationship with all its stakeholders
    • Corporate governance is the framework of
    • rules and practices by which the board of directors ensures accountability,
    • fairness and appropriate disclosure in a corporations relationship with all its
    • stakeholders
  8. Corporate governance is the______________________________________________________
    • Corporate governance is the framework of
    • rules and practices by which the board of directors ensures accountability,
    • fairness and appropriate disclosure in a corporations relationship with all its
    • stakeholders
  9. _____________________________ consists of
    explicit and implicit contracts with stakeholders, procedures for reconciling
    the sometimes conflicting interests of stakeholders, and procedures for
    appropriate internal control.
    • Corporate governance consists of explicit
    • and implicit contracts with stakeholders, procedures for reconciling the
    • sometimes conflicting interests of stakeholders, and procedures for appropriate
    • internal control.
  10. Corporate governance consists of__________________________________________.
    • Corporate governance consists of explicit and
    • implicit contracts with stakeholders, procedures for reconciling the sometimes
    • conflicting interests of stakeholders, and procedures for appropriate internal
    • control.
Author
Joens1313
ID
298397
Card Set
BEC review corporate governance 1
Description
BEC review corporate governance 1
Updated