10 Questions
______: Concerns of the people are conveyed directly or through legitimate institutions or representatives.
Participation
______: Fair legal frameworks—impartial enforcement.
Rule of law
______: Reasonable time frame in trying to serve the needs of all stakeholders.
Responsiveness
______: Broad consensus on what is in the best interest of the whole community and how this can be achieved.
Consensus-oriented
Accountability: Government institutions, private sector and civil society must be accountable to the public and ______ institutional stakeholders.
Accountability
The Board of Directors acts as major representative of stockholders to ensure that the organization is run according to the organization’s charter and that there is proper ______.
accountability
Non-executive directors understand that his/her role is not to act as auditor, nor as a member of the ______ team.
management
Board of directors manage the organization effectively; provide accurate and timely reports to shareholders and other ______ stakeholders.
management
Assume day-to-day responsibility for the organization’s conformance with relevant laws and regulations and its compliance ______.
framework
Securities & Exchange Commission specifies independence standards required of auditors that report on public financial ______.
statements
Test your knowledge on the characteristics and objectives of governance by identifying the defined or described word or phrase. Topics include participation, rule of law, responsiveness, and consensus-oriented approach.
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