Ch05 Decoding the Governance component of ESG
17 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the purpose of B Corp Certification?

  • Measuring the financial impacts of sustainability
  • Aligning company practices with social goals (correct)
  • Aligning company practices with environmental goals
  • Ensuring human rights within the supply chain

    • Which tool provides global standards for sustainability reporting, including social considerations?

  • International Labour Organization (ILO)
  • B Corp Certification
  • Sustainability Accounting Standards Board (SASB) (correct)
  • CommunityMark

    • What does the Global Reporting Initiative (GRI) focus on?

  • Human rights within the supply chain
  • Global standards for sustainability reporting (correct)
  • Measuring financial impacts of sustainability
  • Measurement tool for community involvement

    • Which of the following tools measures the financial impacts of sustainability, including social considerations?

    <p>Sustainability Accounting Standards Board (SASB)</p> Signup and view all the answers

    How does the International Labour Organization (ILO) contribute to corporate governance standards?

    <p>By ensuring human rights within the supply chain</p> Signup and view all the answers

    Which internationally developed standards guide countries and organizations toward greater sustainability and corporate responsibility?

    <p>UN Sustainable Development Goals</p> Signup and view all the answers

    What is an example of a specific demand related to corporate governance standards?

    <p>Requiring companies to disclose board composition and executive pay</p> Signup and view all the answers

    Which organization's standards are commonly followed by many companies for sustainability reporting?

    <p>Global Reporting Initiative (GRI) standards</p> Signup and view all the answers

    What is a common theme in corporate governance related to balancing various stakeholders' needs?

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

    How has corporate social responsibility (CSR) reporting evolved over time?

    <p>It has become a routine practice at most large companies</p> Signup and view all the answers

    What is the most likely purpose of implementing controls in organizations?

    <p>To safeguard against companies cutting corners for profits</p> Signup and view all the answers

    Why do companies need to be managed according to standard norms and procedures?

    <p>To ensure ethical conduct and accountability</p> Signup and view all the answers

    What is one of the key focuses highlighted in the text regarding corporate governance?

    <p>Implementing a globally consistent risk assessment methodology tailored to local regulations</p> Signup and view all the answers

    What is an essential aspect of addressing customer concerns?

    <p>Monitoring for fraudulent activities and implementing fraud prevention systems</p> Signup and view all the answers

    What does the text suggest regarding potentially vulnerable customers?

    <p>Introducing dedicated case managers to provide personalized support</p> Signup and view all the answers

    What is a key aspect of promoting ethical business behavior?

    <p>Instilling a sense of responsibility in the corporate culture and incentivizing correct behavior</p> Signup and view all the answers

    What does the text recommend regarding digital transformation and customer feedback?

    <p>Introducing a customer-centric framework to enable digital transformation and improve real-time customer feedback metrics</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser