Corporate Governance Principles
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Questions and Answers

What is the minimum frequency of board meetings?

  • Once a month
  • Once a year
  • Once every two months (correct)
  • Once a quarter

    • What is required for a board meeting to be valid?

  • The majority of members must be present (correct)
  • At least four members must be present
  • All members must be present
  • The chairman and their deputy must be present

    • What is the deciding vote in the event of a tie?

  • The chairman's vote (correct)
  • The deputy's vote
  • A random member's vote
  • The vote of the member who called the meeting

    • What is a power of the SCA regarding securities?

    <p>Temporarily suspend trading in securities</p> Signup and view all the answers

    What type of persons must publicly disclose information related to their activities?

    <p>Natural or juristic persons with a connection to securities activities</p> Signup and view all the answers

    Who can request a board meeting?

    <p>At least four members</p> Signup and view all the answers

    What is the primary responsibility of the board regarding corporate governance?

    <p>Implementing and monitoring the company's adherence to corporate governance principles and rules</p> Signup and view all the answers

    What is the minimum period for which the company must maintain documents related to corporate governance?

    <p>Ten years</p> Signup and view all the answers

    In the event of a judicial lawsuit, how long must the company maintain related documents?

    <p>Until the end of the lawsuit</p> Signup and view all the answers

    Why should a board member not accept gifts from certain persons or authorities?

    <p>Because it may create a conflict of interest or the impression of one</p> Signup and view all the answers

    What should be included in the documents maintained by the company for corporate governance purposes?

    <p>Minutes of all meetings, including board meetings and general assemblies, as well as other relevant documents</p> Signup and view all the answers

    Where should the company maintain its documents related to corporate governance?

    <p>At the company's headquarters</p> Signup and view all the answers

    What is the primary source of members for a committee formed by the board?

    <p>Members of the board</p> Signup and view all the answers

    Who is responsible for preparing the draft budget for the SCA?

    <p>The chief executive</p> Signup and view all the answers

    What is the purpose of inviting external experts to a board meeting?

    <p>To seek their experience and knowledge on a specific issue</p> Signup and view all the answers

    How long does the chief executive have to prepare the SCA's final accounts after the end of the fiscal year?

    <p>90 days</p> Signup and view all the answers

    What is the duration of the SCA's fiscal year?

    <p>From January 1 to December 31</p> Signup and view all the answers

    Who appoints the manager of the departments under the administrative system?

    <p>The board chairman</p> Signup and view all the answers

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