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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)?

Setting and applying standards Signup and view all the answers

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

By providing confidence and sustainability Signup and view all the answers

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

The Minister for Business, Employment, and Retail Signup and view all the answers

What is the purpose of the SWiFT 3000 Certification?

To award certification to companies meeting corporate governance standards Signup and view all the answers

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

Independent assessors meeting qualification and experience criteria Signup and view all the answers

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

SWiFT 3000 Certification Signup and view all the answers

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

Individual liberty, democracy, and human rights Signup and view all the answers

What is one of the shared endeavors of the OECD?

Ending poverty and tackling inequalities Signup and view all the answers

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

To develop evidence-based analysis for innovative policies and standards Signup and view all the answers