Corporate Governance: Meaning and Definition

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?

Rules and processes within corporations (B) Signup and view all the answers

What do corporations aim to maintain through Corporate Governance?

Transparent and honest relationships with stakeholders (D) Signup and view all the answers

What does Corporate Governance refer to according to the text?

Policies for directing a company on accountability, transparency, and ethical practices (C) Signup and view all the answers

What is the main purpose of Corporate Governance?

To create a corporate culture of transparency and accountability (D) Signup and view all the answers

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

The distribution of rights and responsibilities among different participants in the corporation (A) Signup and view all the answers

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

To direct and control the company by following policies (D) Signup and view all the answers

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

Making a distinction between personal and corporate funds in the management of a company (D) 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?

Adherence to ethical standards for effective management (A) Signup and view all the answers

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

The way corporate entities are governed, distinct from the way business within those companies are managed (C) Signup and view all the answers

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

Acceptance by management of the inalienable rights of shareholders as true owners of the corporation (B) Signup and view all the answers

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

The system by which businesses are directed and controlled (C) Signup and view all the answers

Who is responsible for issuing emigration clearance?

Competent authority (B) Signup and view all the answers

What is the primary duty of the Protectors of Emigrants?

Ensuring the welfare of emigrants (C) Signup and view all the answers

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

If employers do not go through a recruiting agent (C) Signup and view all the answers

What is the role of emigration check-posts?

Facilitating emigration clearance (B) Signup and view all the answers

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

Competent authority (A) Signup and view all the answers

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

Obtaining a permit for recruitment by employers (C) Signup and view all the answers

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

To consolidate and amend the law relating to emigration of citizens of India (B) Signup and view all the answers

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

Any citizen of India who intends to emigrate, or emigrates, or has emigrated (B) Signup and view all the answers

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

Any person who is related to an emigrant and is dependent on that emigrant (B) Signup and view all the answers

What is the scope of the Emigration Act, 1983?

It applies to the whole of India and citizens of India outside India (C) Signup and view all the answers

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

Vessel, vehicle, country-craft, and aircraft (A) 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?

Power to restrict emigration from that country (B) Signup and view all the answers

When does the Emigration Act, 1983 come into force?

On a date specified by the Central Government through notification (C) Signup and view all the answers

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

'Certificate' issued for registration under section 11 of the Emigration Act, 1983 (A) Signup and view all the answers

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

'Returns and registers' maintained by authorities under this act (C) Signup and view all the answers

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

Certain powers of civil court (B) Signup and view all the answers