Corporate Governance and OECD Principles Quiz
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Questions and Answers

What is the role of a board of directors in corporate governance?

  • Executing day-to-day operations of the organization
  • Ensuring compliance with tax regulations
  • Setting policies for corporate management and oversight (correct)
  • Acting as shareholders' representatives in legal matters
  • Overseeing marketing and advertising strategies

    • How are the powers and responsibilities of a board of directors determined?

  • By the number of shareholders in the organization
  • By the board's tenure within the organization
  • By the organization's financial performance
  • By the CEO's personal preferences
  • By jurisdiction's corporate governance regulations and the organization's own constitution and by-laws (correct)

    • What is the main function of a board of directors in relation to shareholders?

  • Exercising control over shareholders' personal investments
  • Limiting shareholders' rights in decision-making
  • Ignoring shareholders' concerns
  • Representing shareholders' interests (correct)
  • Maximizing short-term profits for shareholders

    • What is the purpose of a board of directors' regular meetings?

    <p>To set policies for corporate management</p> Signup and view all the answers

    What is the significance of the board of directors' role in corporate governance?

    <p>Ensuring the basis for an effective corporate governance framework</p> Signup and view all the answers

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