Mastering Corporate Governance
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Questions and Answers

What is corporate governance?

Corporate governance is the system by which companies are directed and controlled.

Why is corporate governance important?

Corporate governance is important because there is a separation in the ownership and control of companies, and shareholders rely on directors to manage their investments.

What is the role of directors in corporate governance?

Directors act as 'stewards' of the investment made by shareholders and they are also the 'agents' of the shareholders.

What is the Code of Best Practice on Corporate Governance?

<p>The Code of Best Practice on Corporate Governance is a set of guidelines that promote good corporate governance practices.</p> Signup and view all the answers

What are the benefits of good corporate governance?

<p>Good corporate governance helps ensure transparency, accountability, and the protection of shareholder interests.</p> Signup and view all the answers

Which of the following statements about warranties is true?

<p>A breach of a warranty allows the innocent party to claim compensation only</p> Signup and view all the answers

What is the effect of a breach of warranty on the contract?

<p>The contract cannot be terminated due to a breach of warranty</p> Signup and view all the answers

Which case was referenced in relation to innominate terms?

<p>Hongkong Fir Shipping Co V Kawasaki Kisen Ltd (1962) 2QB 26</p> Signup and view all the answers

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