Corporate Governance Quiz
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Questions and Answers

What is the fundamental governing body of a corporation?

  • The shareholders
  • The CEO
  • The board of directors (correct)
  • The top management

    • Which act had a significant impact on corporate governance in the United States?

  • Dodd-Frank Act
  • Gramm-Leach-Bliley Act
  • Sarbanes–Oxley Act (correct)
  • Patriot Act

    • What is the primary role of the board of directors in corporate governance?

  • Maximizing shareholder wealth
  • Conducting day-to-day business operations
  • Overseeing top management (correct)
  • Implementing operational strategies

    • How can the composition of a board affect its operation?

    <p>By bringing diverse expertise and perspectives</p> Signup and view all the answers

    What is an important part of strategic management in corporate governance?

    <p>Executive leadership</p> Signup and view all the answers

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