Podcast
Questions and Answers
What is the term used to describe the rules and procedures that govern the internal management of a corporation?
What is the term used to describe the rules and procedures that govern the internal management of a corporation?
- Business management
- Corporate governance (correct)
- Articles of incorporation
- Corporate regulation
Which type of corporation is covered by the Revised Code of Corporate Governance?
Which type of corporation is covered by the Revised Code of Corporate Governance?
- Close corporation
- Closely held corporation
- Corporation whose equity securities are listed on an exchange market (correct)
- Barangay Micro Business Enterprise
Which of the following companies is exempt from the Revised Code of Corporate Governance?
Which of the following companies is exempt from the Revised Code of Corporate Governance?
- Corporation that sells equity and/or debt securities to the public
- Corporation that has assets in excess of P50,000,000
- Small and Medium Enterprises (SMEs) (correct)
- Corporation that is a grantee of secondary licenses from SEC
How many independent directors must be present in a corporation covered by the Revised Code of Corporate Governance?
How many independent directors must be present in a corporation covered by the Revised Code of Corporate Governance?
What is an additional qualification that may be required of a member of the Board of Directors by the corporation?
What is an additional qualification that may be required of a member of the Board of Directors by the corporation?
What is the primary purpose of the Revised Code of Corporate Governance?
What is the primary purpose of the Revised Code of Corporate Governance?
What is a prerequisite for a director of a corporation?
What is a prerequisite for a director of a corporation?
What is the primary characteristic of the office of a director?
What is the primary characteristic of the office of a director?
What is a key responsibility of a director of a corporation?
What is a key responsibility of a director of a corporation?
What is a responsibility of a director of a corporation?
What is a responsibility of a director of a corporation?
What is not a responsibility of a director of a corporation?
What is not a responsibility of a director of a corporation?
What is a key aspect of a director's responsibilities?
What is a key aspect of a director's responsibilities?
What is a ground for the disqualification of a person from holding a corporate office?
What is a ground for the disqualification of a person from holding a corporate office?
Who is responsible for monitoring compliance by the corporation with the Revised Code of Corporate Governance and regulatory agencies?
Who is responsible for monitoring compliance by the corporation with the Revised Code of Corporate Governance and regulatory agencies?
What is the primary function of the audit committee?
What is the primary function of the audit committee?
What is the minimum composition of the audit committee of a corporation?
What is the minimum composition of the audit committee of a corporation?
Which of the following is a characteristic of a compliance officer?
Which of the following is a characteristic of a compliance officer?
What is the consequence of a conviction by final judgment or order by a court or competent administrative body of an offense involving moral turpitude?
What is the consequence of a conviction by final judgment or order by a court or competent administrative body of an offense involving moral turpitude?
