Corporate Law & Governance Quiz

A set of principles and practices that guide how a company is managed. It encompasses transparency, accountability, fairness, and ethical conduct.

People who are responsible for making decisions and leading a company. They are accountable for the company's performance and actions.

The idea of being kind, compassionate, and respectful towards others. It promotes a sense of community and interconnectedness.

A key aspect of public administration that emphasizes ethical conduct, transparency, and accountability. This principle is particularly important for state-owned companies.

The ability to influence and guide others towards a shared vision, particularly in a company context. This requires strong ethical values and a commitment to progress.

In South African law, the Constitution is considered the supreme law, governing all aspects of public administration.

It involves balancing individual rights with the needs of the community. This approach emphasizes collaboration and shared responsibility.

The process of acknowledging past injustices and moving towards a more equitable future. This includes addressing the lasting effects of colonialism and apartheid in South Africa.

A philosophy emphasizing harmony, respect, and shared responsibility in relationships.

The concept of shared decision-making in business, prioritizing inclusivity and mutual respect. It promotes a horizontal approach where all voices are heard.

A concept in African culture that emphasizes the interconnectedness of people and the importance of treating others with dignity and respect.

The highest court in South Africa recognized 'Ubuntu' as a principle in law, emphasizing social justice and fairness in legal decisions.

It promotes treating people with respect and dignity, avoiding unnecessary conflicts, and providing explanations for administrative decisions.

A set of values promoting social justice, respect, and fairness that is widely recognized in South African business.

The focus on social justice and fairness embedded in the Ubuntu philosophy.

The concept of ' Ubuntu' reflects the interconnectedness of people, fostering a sense of responsibility for each other's well-being and promotes inclusive decision-making.

The right of a company to be treated fairly and without discrimination.

The right of a company to protect its reputation, a good name and honor against defamation.

The right of a company to protect its private information and data.

The right of a company to maintain its unique identity and prevent unauthorized use of its name, logos, or trademarks.

The principle that businesses should take responsibility for their impact on society and the environment.

Individuals or groups that have an interest in the activities and performance of a company.

The relationship between companies and stakeholders is becoming increasingly interconnected and interdependent.

A court must use or develop common law to protect a right in the Bill of Rights, even if legislation doesn't fully protect it. However, courts can also limit rights through common law, but only if the limitation is justified according to the Constitution's section 36(1).

Ubuntu is a core principle of South Africa's Constitution, emphasizing human dignity, equality, and the advancement of human rights and freedoms. This concept underpins the nation's democratic foundation.

Businesses are obliged to avoid using names that are offensive, racist, or violate someone's right to dignity. This obligation reflects the importance of respect and human dignity in business practices.

The decision-making process in corporations should be informed by ubuntu, encouraging constructive dialogue and social cohesion. Ubuntu promotes a collaborative and considerate approach to decision-making.

The Companies Act aims to align business practices with the Bill of Rights, upholding fundamental democratic values like equality and freedom. It also regulates interactions between businesses and citizens, impacting company law.

The Bill of Rights, found in Chapter 2 of the South African Constitution, safeguards the rights of all individuals and promotes values like human dignity, equality, and freedom. It's essential for a democratic society.

Ubuntu is a subtle, non-legal principle but it informs several legal and business practices in South Africa. It influences how businesses operate, promotes ethical decision-making, and contributes to a just and inclusive society.

The values of ubuntu are incorporated into company law, influencing corporate conduct. This integration promotes ethical practices, social cohesion, and a culture of respect within South African business.

The Companies Act 71 of 2008 is the primary legislation governing South African company law. It aims to promote good corporate governance, protect shareholders, and encourage investment.

The Close Corporations Act 69 of 1984 governs close corporations, which are smaller, privately-held businesses.

The Trust Property Control Act 57 of 1988 regulates trusts, a legal structure where assets are managed for beneficiaries.

This Act aims to ensure that decisions are transparent and the public has access to information held by public bodies.

This Act aims to prevent anti-competitive practices that harm the market.

This Act aims to promote equal opportunities in employment, ensuring fairness and diversity in the workforce.

This Act promotes economic empowerment for previously disadvantaged groups in South Africa.

This Act aims to protect the environment and ensure sustainable business practices.

Individuals or groups who have a vested interest in the success and well-being of a company, such as shareholders, employees, customers, and the community.

The argument that CSR is not directly linked to a company's profitability and that businesses should focus solely on profit maximization.

The view that CSR can benefit companies by enhancing their reputation, fostering positive relationships with stakeholders, and potentially increasing profits.

The idea that socially responsible companies might receive preferential treatment from government agencies, such as in procurement processes.

Companies enhancing their image and differentiating themselves from competitors by demonstrating a commitment to ethical and sustainable practices.

The belief that CSR measures can place an unnecessary burden on companies, making it more difficult for them to compete.

The concept that businesses should focus on maximizing profits and that societal issues should be addressed by the government.