B & f ch 13.corporate governance , Business and Finance, ICAB
1. Business & Finance
Chapter 13
Corporate Governance
Q-1) What is the Code of Corporate Governance?
Q-2) What are the content of the Code of Corporate Governance? [MJ10, MQ10]
Q-3) What is the size of board?
Q-4) What is independent director?
Q-5) Chairman of the board and the Chief Executive?
Q-6) The directors’ report to shareholders
Q-7) Chief financial officer (CFO), head of internal audit and company secretary
Q-8) Audit committee
Q-9) The issuer company should not engage External/Statutory auditors to perform in what
services?
Q-10) What should the board do in order to provide entrepreneurial leadership for its company?
Q-11) What are the Chairman’s responsibilities relating to ensuring a well-informed, professional
board?
Q-12) As well as the annual financial statements, how far does the board’s responsibility to provide
balanced and understandable financial reporting extend?
Q-13) What is internal control?
Q-14) What is an external audit?
Q-15) What is the external audit’s role in corporate governance? [MQ10]
Q-16)
2. Business & Finance
Chapter # 13: Corporate Governance
Q-1) What is the Code of Corporate
Governance?
Q-2) What are the content of the Code
of Corporate Governance? [MJ10,
MQ10] 6
The contents of the code of Corporate
Governance are:
A. Directors:
B. Remuneration:
C. Accountability/audit:
D. Relations with shareholders
Q-3) What is the size of board?
Q-4) What is independent director?
Q-5) Chairman of the board and the Chief
Executive?
Q-6) The directors’ report to shareholders
Q-7) Chief financial officer (CFO), head of
internal audit and company secretary
Q-8) Audit committee
Q-9) The issuer company should not engage
External/Statutory auditors to perform
in what services?
Q-10) What should the board do in order to
provide entrepreneurial leadership for
its company?
Q-11) What are the Chairman’s
responsibilities relating to ensuring a
well-informed, professional board?
Q-12) As well as the annual financial
statements, how far does the board’s
responsibility to provide balanced and
understandable financial reporting
extend?
Q-13) What is internal control?
Q-14) What is an external audit?
Q-15) What is the external audit’s role in
corporate governance? [MQ10]
Q-16)
2