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Questions and Answers
Which of the following is NOT a key characteristic of effective corporate governance, as mentioned in the text?
Which of the following is NOT a key characteristic of effective corporate governance, as mentioned in the text?
- Board diversity
- Financial integrity
- Executive remuneration
- Shareholder engagement (correct)
Which of the following is NOT a factor influencing best practice in corporate governance, as discussed in the text?
Which of the following is NOT a factor influencing best practice in corporate governance, as discussed in the text?
- Variation of best practice
- Culture
- Legislation
- Auditors (correct)
Which of the following is NOT a role of auditors in relation to corporate governance, as explained in the text?
Which of the following is NOT a role of auditors in relation to corporate governance, as explained in the text?
- Capital allocation
- Reporting and transparency
- Assessing key characteristics of effective corporate governance (correct)
- Ensuring financial integrity
Which of the following is NOT mentioned as a reason why key characteristics of effective corporate governance may not be implemented or upheld?
Which of the following is NOT mentioned as a reason why key characteristics of effective corporate governance may not be implemented or upheld?
Which of the following is NOT mentioned as a main model of corporate governance in major markets?
Which of the following is NOT mentioned as a main model of corporate governance in major markets?
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Study Notes
Corporate Governance
- Effective corporate governance is characterized by transparency, accountability, and fairness.
Factors Influencing Best Practice in Corporate Governance
- Globalization
- Regulatory changes
- Stakeholder activism
- Technological advancements
Role of Auditors in Corporate Governance
- Providing independent assurance on financial statements
- Identifying and reporting material weaknesses in internal control
- Enhancing credibility and transparency of financial reporting
Challenges to Implementing Effective Corporate Governance
- Lack of effective board oversight
- Inadequate risk management practices
- Insufficient resources and expertise
- Conflicting interests and priorities
Corporate Governance Models in Major Markets
- Anglo-American model (shareholder-centric)
- Stakeholder model (pluralistic)
- Hybrid model
- Note: State-led model is not mentioned as a main model
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