COPY: Corporate Social Responsibility Overview

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Questions and Answers

What is a significant factor for corporations to achieve long-term success?

  • Minimizing operational costs
  • Compliance with societal expectations and regulations (correct)
  • Maximizing profits at any cost
  • Focusing solely on shareholder interests

Which organization is primarily focused on global development and the seven challenges outlined?

  • International Monetary Fund
  • World Bank
  • United Nations Development Programme (correct)
  • World Health Organization

What is a consequence of ineffective corporate governance?

  • Greater accountability for managers
  • Increased responsiveness to societal needs
  • Improved resource allocation
  • Failing to replace underperforming managers (correct)

What can effective corporate governance lead to?

<p>Improved overall corporate performance (D)</p> Signup and view all the answers

Which of the following is NOT one of the major characteristics of good governance according to the UNDP?

<p>Maximization of corporate profits (C)</p> Signup and view all the answers

What challenge is included in the UNDP's focus areas?

<p>Crisis recovery and prevention (A)</p> Signup and view all the answers

Why is it important for companies to incorporate societal expectations into their operations?

<p>Because it ensures adherence to government regulations (B)</p> Signup and view all the answers

What is a symptom of failure in corporate governance?

<p>Opportunistic exploitation of labor (C)</p> Signup and view all the answers

What term describes the expectation that public officials should be answerable for government actions?

<p>Accountability (C)</p> Signup and view all the answers

Which of the following statements about government structures is correct?

<p>Government structures should allow for beneficiary input in program design. (B)</p> Signup and view all the answers

What is defined as producing results that meet needs while efficiently using resources?

<p>Effectiveness and efficiency (A)</p> Signup and view all the answers

Which definition best describes consensus orientation in good governance?

<p>Mediating differing interests to reach a consensus is essential. (B)</p> Signup and view all the answers

Which objective is part of corporate governance frameworks?

<p>Enhancing accountability among key players (B)</p> Signup and view all the answers

What is not typically included in the models of corporate governance?

<p>Promoting shareholder apathy (B)</p> Signup and view all the answers

The ASEAN Corporate Governance Scorecard's significance includes assessing what aspect of corporate governance?

<p>Performance of top public listed companies (B)</p> Signup and view all the answers

Which statement correctly reflects the learning objectives regarding corporate governance models?

<p>Differentiating the Board compositions for each model is essential. (D)</p> Signup and view all the answers

Which entity is responsible for regulating the securities industry in the US?

<p>Securities and Exchange Commission (D)</p> Signup and view all the answers

What type of financial data must US corporations disclose on a quarterly basis?

<p>Corporate financial data (C)</p> Signup and view all the answers

Which of the following actions does NOT require shareholder approval under the Anglo-US model?

<p>Quarterly financial reporting (C)</p> Signup and view all the answers

What is the minimum percentage of shareholders required to disclose their holdings in a corporation?

<p>5% of total share capital (B)</p> Signup and view all the answers

How often do companies in the UK typically report financial data compared to US companies?

<p>Semi-annually (D)</p> Signup and view all the answers

Which of the following is NOT a routine corporate action requiring shareholder approval?

<p>Approval of annual report (D)</p> Signup and view all the answers

Which of these disclosures is specifically required for nominees to the board of directors?

<p>Background information on each nominee (D)</p> Signup and view all the answers

What information must be provided regarding executive compensation for US corporations?

<p>Aggregate compensation for all officers and individual compensation for the five highest paid (A)</p> Signup and view all the answers

What should be included in the Manual on Corporate Governance?

<p>A formal and transparent board nomination and election policy (B)</p> Signup and view all the answers

What is a key component of the performance management framework established by the Board?

<p>Ensuring performance is at par with the standards set by the Board and Senior Management (C)</p> Signup and view all the answers

What is the purpose of establishing board committees?

<p>To focus on specific board functions for optimal performance (B)</p> Signup and view all the answers

What must the independent directors ensure regarding their qualifications?

<p>They possess the necessary qualifications and have no conflicts of interest (D)</p> Signup and view all the answers

What does the Board Charter formalize?

<p>The roles, responsibilities, and accountabilities of the Board in its fiduciary duties (D)</p> Signup and view all the answers

What is the composition of the management board under the German Model of corporate governance?

<p>Both inside executives and outsiders (B)</p> Signup and view all the answers

What is the title of SEC Memorandum Circular No. 19 issued in November 2016?

<p>Revised Code of Corporate Governance (D)</p> Signup and view all the answers

Which area is not covered by the ASEAN Corporate Governance Scorecard?

<p>Rights of customers (C)</p> Signup and view all the answers

The development of the ASEAN Corporate Governance Scorecard was guided by which principle?

<p>The Scorecard should be applicable to different markets in ASEAN (D)</p> Signup and view all the answers

What is the primary function of the Board of Directors?

<p>To represent stockholders and exercise corporate powers (C)</p> Signup and view all the answers

Who typically serves as the compliance officer in a corporate structure?

<p>A designated employee ensuring regulatory adherence (C)</p> Signup and view all the answers

What does the role of independent directors primarily include?

<p>To provide unbiased judgment and oversight (D)</p> Signup and view all the answers

Which of the following describes the composition of a typical Board of Directors?

<p>A mix of inside and outside members (C)</p> Signup and view all the answers

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