Quiz 1 - Corporate Governance
10 Questions
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Quiz 1 - Corporate Governance

Created by
@ChasteFriendship

Questions and Answers

Who is ultimately responsible for IT governance in organizations?

  • The IT manager
  • The CIO
  • The Board (correct)
  • The CEO
  • What is the main difference between governance and management?

  • Management dictates policy and governance ensure it becomes operational
  • Governance is found only in government and management in business enterprises
  • Governance dictates policy and management operationalizes it (correct)
  • Management is called governance in the public sector
  • Choose a keyword relating to the “Direct” function.

  • Ensuring implementation
  • Controlling activities
  • Establishing responsibilities (correct)
  • Enforcing compliance
  • At which management level does Execution occur in the Direct and Control cycle?

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

    Who is a founder member of King IV?

    <p>Mervyn King</p> Signup and view all the answers

    Governance consists of two main processes?

    <p>Direct and Control</p> Signup and view all the answers

    Which of the following can be summarised with the word ‘transparency’?

    <p>King IV</p> Signup and view all the answers

    The Board of an enterprise forms part of:

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

    Which of the following does NOT represent any of the management levels in an enterprise?

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

    The King Report is ……

    <p>A best practice on corporate governance</p> Signup and view all the answers

    Study Notes

    IT Governance

    • IT governance is ultimately the responsibility of the Board of Directors in an organization.

    Governance vs. Management

    • Governance focuses on the framework of decision-making, accountability, and strategic direction, while management involves the operational execution and implementation of those decisions.

    Keyword in “Direct” Function

    • A relevant keyword for the "Direct" function is "Leadership."

    Execution Level in Direct and Control Cycle

    • Execution occurs at the operational management level in the Direct and Control cycle.

    King IV Founder Member

    • One of the founder members of King IV is Prof. Mervyn King.

    Governance Processes

    • Governance consists of two main processes: strategic direction and accountability.

    Transparency Summary

    • The concept of "transparency" can be summarized through the principle of openness and clarity in organizational governance.

    Board of an Enterprise

    • The Board of an enterprise forms part of the governance structure responsible for overseeing and directing the organization.

    Management Levels

    • Functions such as "advisory" do NOT represent any of the management levels in an enterprise.

    King Report Insight

    • The King Report is a comprehensive framework for corporate governance in South Africa, promoting ethical leadership and responsible corporate citizenship.

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    Description

    This quiz explores the crucial question of who holds the ultimate responsibility for IT governance within organizations. Participants will examine various roles and their significance in the governance framework of IT systems. Test your knowledge on the structure and accountability in IT governance!

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