20 Questions
True or false: Governance is a process of decision-making and the process by which decisions are implemented.
True
True or false: Good governance requires fair legal frameworks that are enforced impartially.
True
True or false: Transparency in governance means that decisions taken, and their enforcement are done in a manner that follows rules and regulations.
True
True or false: Responsiveness in governance requires that institutions and processes try to serve the needs of all stakeholders within a reasonable timeframe.
True
True or false: Good governance requires mediation of different interests in society to reach a consensus on what is in the best interest of the whole community?
True
True or false: Equity and inclusiveness ensure that all members of society feel included and have a voice?
True
True or false: Accountability is not a key requirement of good governance?
False
True or false: Corporate governance is defined as the system of rules, practices, and processes by which business corporations are directed and controlled?
True
True or false: The board is responsible for oversight of the Bank, including its control and accountability systems.
True
True or false: The board should establish a nomination committee.
True
True or false: The board promotes ethical and responsible decision-making.
True
True or false: The board's composition should have a balance of independence, diversity of skills, knowledge, experience, perspective, and gender.
True
True or false: The board should establish an audit committee.
True
True or false: The chief executive officer and the chief financial officer should state in writing to the board that the company's financial reports present a true and fair view.
True
True or false: The board has a responsibility to review the adequacy and effectiveness of the bank's risk management strategies.
True
True or false: The board should establish a code of conduct for key executives to maintain confidence in the company's integrity.
True
True or false: The Group chief risk officer and the ERC make recommendations and the Board approves and implements the Bank’s risk appetite framework, tolerance, limits and mandates?
True
True or false: The board or appropriate board committee should establish policies on risk oversight and management?
True
True or false: The chief executive officer and the chief financial officer should state in writing that the company’s risk management and internal compliance and control system is operating efficiently in all material aspects?
True
True or false: The Bank has designed its remuneration policy in such a way that it motivates management to pursue the short-term growth and success of the Bank within an appropriate control framework?
False
Test your knowledge on corporate accountability and the role of the board in meeting the information needs of investment communities, safeguarding integrity in financial reporting, and implementing sound disclosure policies. Assess your understanding of whether an outsider can meaningfully analyze an organization's actions and performance.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
