Corporate Governance: Meaning and Definition
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Questions and Answers

What does the term 'corporate' mean in the context of 'corporate governance'?

  • Derived from the Latin term meaning 'mind'
  • Derived from the Latin term meaning 'body' (correct)
  • Derived from the Latin term meaning 'spirit'
  • Derived from the Latin term meaning 'soul'

    • What is the root of the word 'governance' derived from?

  • Latin term 'gubernate' meaning 'to steer' (correct)
  • French term 'gouverner' meaning 'to govern'
  • Greek term 'politeia' meaning 'citizenship'
  • Sanskrit term 'vidhi' meaning 'rule'

    • Which of these principles is NOT a fundamental principle of Corporate Governance?

  • Fairness
  • Transparency
  • Accountability
  • Flexibility (correct)

    • What does Corporate Governance encompass according to the text?

    <p>Rules and processes within corporations</p> Signup and view all the answers

    What do corporations aim to maintain through Corporate Governance?

    <p>Transparent and honest relationships with stakeholders</p> Signup and view all the answers

    What does Corporate Governance refer to according to the text?

    <p>Policies for directing a company on accountability, transparency, and ethical practices</p> Signup and view all the answers

    What is the main purpose of Corporate Governance?

    <p>To create a corporate culture of transparency and accountability</p> Signup and view all the answers

    According to the OECD, what does the corporate governance structure specify?

    <p>The distribution of rights and responsibilities among different participants in the corporation</p> Signup and view all the answers

    What is the role of the Board of Directors in corporate governance?

    <p>To direct and control the company by following policies</p> Signup and view all the answers

    What is one aspect of ethical business conduct in corporate governance?

    <p>Making a distinction between personal and corporate funds in the management of a company</p> Signup and view all the answers

    What is NOT a part of the definition of Corporate Governance according to The Institute of Company Secretaries of India?

    <p>Adherence to ethical standards for effective management</p> Signup and view all the answers

    In corporate governance, what is the system concerned with according to The OECD?

    <p>The way corporate entities are governed, distinct from the way business within those companies are managed</p> Signup and view all the answers

    What does the SEBI Committee on Corporate Governance define as the role of management in corporate governance?

    <p>Acceptance by management of the inalienable rights of shareholders as true owners of the corporation</p> Signup and view all the answers

    According to The Cadbury Report (UK), what is Corporate Governance primarily concerned with?

    <p>The system by which businesses are directed and controlled</p> Signup and view all the answers

    Who is responsible for issuing emigration clearance?

    <p>Competent authority</p> Signup and view all the answers

    What is the primary duty of the Protectors of Emigrants?

    <p>Ensuring the welfare of emigrants</p> Signup and view all the answers

    Under what circumstances can a permit for recruitment be cancelled or suspended?

    <p>If employers do not go through a recruiting agent</p> Signup and view all the answers

    What is the role of emigration check-posts?

    <p>Facilitating emigration clearance</p> Signup and view all the answers

    Who has the power to exempt certain cases from emigration clearance?

    <p>Competent authority</p> Signup and view all the answers

    What is the key requirement for emigration clearance according to the Emigration Act, 1983?

    <p>Obtaining a permit for recruitment by employers</p> Signup and view all the answers

    What is the main purpose of the Emigration Act, 1983?

    <p>To consolidate and amend the law relating to emigration of citizens of India</p> Signup and view all the answers

    Who does the term 'emigrant' refer to as per the Emigration Act, 1983?

    <p>Any citizen of India who intends to emigrate, or emigrates, or has emigrated</p> Signup and view all the answers

    What does the term 'dependent' mean in the context of the Emigration Act, 1983?

    <p>Any person who is related to an emigrant and is dependent on that emigrant</p> Signup and view all the answers

    What is the scope of the Emigration Act, 1983?

    <p>It applies to the whole of India and citizens of India outside India</p> Signup and view all the answers

    What does the term 'conveyance' include as per the Emigration Act, 1983?

    <p>Vessel, vehicle, country-craft, and aircraft</p> Signup and view all the answers

    What power does the Emigration Act, 1983 provide in case of an outbreak of epidemics or civil disturbances in a country?

    <p>Power to restrict emigration from that country</p> Signup and view all the answers

    When does the Emigration Act, 1983 come into force?

    <p>On a date specified by the Central Government through notification</p> Signup and view all the answers

    What does the term 'certificate' refer to in the context of the Emigration Act, 1983?

    <p>'Certificate' issued for registration under section 11 of the Emigration Act, 1983</p> Signup and view all the answers

    What do returns and registers refer to as per the Emigration Act, 1983?

    <p>'Returns and registers' maintained by authorities under this act</p> Signup and view all the answers

    What do authorities and officers have as per the Emigration Act, 1983?

    <p>Certain powers of civil court</p> Signup and view all the answers

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