18 Questions
What is the minimum frequency of board meetings?
Once every two months
What is required for a board meeting to be valid?
The majority of members must be present
What is the deciding vote in the event of a tie?
The chairman's vote
What is a power of the SCA regarding securities?
Temporarily suspend trading in securities
What type of persons must publicly disclose information related to their activities?
Natural or juristic persons with a connection to securities activities
Who can request a board meeting?
At least four members
What is the primary responsibility of the board regarding corporate governance?
Implementing and monitoring the company's adherence to corporate governance principles and rules
What is the minimum period for which the company must maintain documents related to corporate governance?
Ten years
In the event of a judicial lawsuit, how long must the company maintain related documents?
Until the end of the lawsuit
Why should a board member not accept gifts from certain persons or authorities?
Because it may create a conflict of interest or the impression of one
What should be included in the documents maintained by the company for corporate governance purposes?
Minutes of all meetings, including board meetings and general assemblies, as well as other relevant documents
Where should the company maintain its documents related to corporate governance?
At the company's headquarters
What is the primary source of members for a committee formed by the board?
Members of the board
Who is responsible for preparing the draft budget for the SCA?
The chief executive
What is the purpose of inviting external experts to a board meeting?
To seek their experience and knowledge on a specific issue
How long does the chief executive have to prepare the SCA's final accounts after the end of the fiscal year?
90 days
What is the duration of the SCA's fiscal year?
From January 1 to December 31
Who appoints the manager of the departments under the administrative system?
The board chairman
This quiz covers the principles and rules of corporate governance, including the board's responsibilities and document maintenance.
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