Corporate Governance Overview
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Questions and Answers

What are the key elements emphasized in Corporate Governance?

  • Market share, risk-taking, short-term gains, strategic alliances
  • Profitability, ethics, competition, stakeholder satisfaction
  • Growth, employee satisfaction, innovation, quality control
  • Accountability, transparency, integrity, risk management (correct)

What drove the evolution of Corporate Governance?

  • Rapid technological advancements
  • Government interference
  • Stakeholder dissatisfaction with organisations (correct)
  • Investor overconfidence

What role do shareholders play in Corporate Governance?

  • Set the long-term objectives of the company
  • Create and develop the appropriate standards
  • Directly manage the company's daily operations
  • Monitor the company's management and performance (correct)

What is the main function of the National Standards Authority Ireland (NSAI)?

<p>Setting and applying standards (A)</p> Signup and view all the answers

How does Corporate Governance impact an organization's competitive advantage?

<p>By providing confidence and sustainability (D)</p> Signup and view all the answers

Who is the National Standards Authority Ireland (NSAI) accountable to?

<p>The Minister for Business, Employment, and Retail (D)</p> Signup and view all the answers

What is the purpose of the SWiFT 3000 Certification?

<p>To award certification to companies meeting corporate governance standards (A)</p> Signup and view all the answers

Who carries out the evidence-based evaluation of an organization’s corporate governance practices for SWiFT 3000 Certification?

<p>Independent assessors meeting qualification and experience criteria (D)</p> Signup and view all the answers

What do companies receive if they meet the specifications of the SWiFT 3000 Code of Practice?

<p>SWiFT 3000 Certification (C)</p> Signup and view all the answers

What values does the Organisation for Economic Co-operation and Development (OECD) aim to preserve?

<p>Individual liberty, democracy, and human rights (B)</p> Signup and view all the answers

What is one of the shared endeavors of the OECD?

<p>Ending poverty and tackling inequalities (C)</p> Signup and view all the answers

What is the OECD's goal as a 'global pathfinder' according to the text?

<p>To develop evidence-based analysis for innovative policies and standards (B)</p> Signup and view all the answers

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