Governance Characteristics Quiz
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Questions and Answers

______: 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.

<p>Consensus-oriented</p> Signup and view all the answers

Accountability: Government institutions, private sector and civil society must be accountable to the public and ______ institutional stakeholders.

<p>Accountability</p> Signup and view all the answers

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 ______.

<p>accountability</p> Signup and view all the answers

Non-executive directors understand that his/her role is not to act as auditor, nor as a member of the ______ team.

<p>management</p> Signup and view all the answers

Board of directors manage the organization effectively; provide accurate and timely reports to shareholders and other ______ stakeholders.

<p>management</p> Signup and view all the answers

Assume day-to-day responsibility for the organization’s conformance with relevant laws and regulations and its compliance ______.

<p>framework</p> Signup and view all the answers

Securities & Exchange Commission specifies independence standards required of auditors that report on public financial ______.

<p>statements</p> Signup and view all the answers

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