Corporate Governance Quiz
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Questions and Answers

What is the primary responsibility of the board of directors?

  • Setting policies on investments, capital structure and dividend policies
  • Determining top management's compensation
  • Approving company's strategies, goals and budgets (correct)
  • Appointing and removing members of the top management including the president

    • Who elects the Board of Directors?

  • The shareholders (correct)
  • The top management
  • The president
  • The stockholders

    • What is the role of the shareholders?

  • To set policies on investments, capital structure and dividend policies
  • To appoint and remove members of the top management
  • To carry out the objectives of the shareholders (correct)
  • To approve company's strategies, goals and budgets

    • Who is responsible for approving the information and other disclosures reported in the financial statements?

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

    What is the highest policy making body in a corporation?

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

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