QUIZ TIME! - CORPORATE GOVERNANCE
Quiz by Dale Imperio
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- Q1
This ensures fairness in the issuance of new shares by allowing existing shareholders to acquire shares prior to those shares being offered to third parties.
Remuneration rights
Pre-emptive rights
Voting rights
Dividend rights
15s - Q2
I: The company’s corporate governance policies, programs, and procedures should be contained in its Manual on Corporate Governance.
II: Directors often have access to material inside information on the company.
FALSE, FALSE
TRUE, TRUE
TRUE, FALSE
FALSE, TRUE
30s - Q3
I: The board of directors should not be involved in managerial and operational decisions.
II: The duty of care requires directors to exercise due diligence and prudence in carrying out their oversight function.
TRUE, FALSE
FALSE, TRUE
FALSE, FALSE
TRUE, TRUE
30s - Q4
A director who notifies the company of a possible investment opportunity instead of acting upon it himself is demonstrating the:
DUTY OF CARE
DUTY OF OBEDIENCE
DUTY OF FULL DISCLOSURE
DUTY OF LOYALTY
20s - Q5
I: The rights of stakeholders established by law, by contractual relations and through voluntary commitments must be respected.
II: The Board should adopt a transparent framework and process that allow stakeholders to communicate with each other and to obtain redress for the violation of their rights.
TRUE, FALSE
FALSE, TRUE
FALSE, FALSE
TRUE, TRUE
30s - Q6
Holders of ___ has the right to receive all omitted dividends from previous up to the current period.
Non-cumulative ordinary shares
Cumulative ordinary shares
Non-cumulative preferred shares
Cumulative preferred shares
15s - Q7
_____ is a member of the company’s board of directors but is not part of the executive team. S/He is also not an employee of the company.
Chairman of the Board
Non-executive Director
Shareholder
Board of Director
20s - Q8
_____ ensures the accuracy, timeliness, and fairness of public reporting of financial and other information for public companies to protect investors, ensure fairness and efficiency in the market, and facilitate capital formation.
Board of Accountancy (BOA)
Regulators (SEC)
International Federation of Accountants (IFAC)
Insurance Commission (IC)
20s - Q9
Shareholders are entitled to receive dividends from the company's profits.
FALSE
TRUE
15s - Q10
Shareholders have unlimited liability for the debts and obligations of the company.
TRUE
FALSE
15s - Q11
I: To be accountable, the board must safeguard integrity in financial reporting.
II: To be accountable, the board must clarify its role and of that management.
FALSE, FALSE
FALSE, TRUE
TRUE, FALSE
TRUE, TRUE
30s - Q12
It is defined as the system of rules, practices, and processes by which business corporation are directed and controlled.
CODE OF CORPORATE GOVERNANCE
FUNDAMENTAL PRINCIPLES
CODE OF ETHICS
CORPORATE GOVERNANCE
15s - Q13
An independent director is one who:
Does not have outside relationships with other directors.
All of the choices.
Did not attend a school supported by the company.
Does not have any other relationships with the company other than his or her directorship.
15s - Q14
The chairperson of the board of directors and CEO should be leaders with:
All of the choices.
Vision and problem solving skills.
The ability to motivate.
Business acumen.
15s - Q15
Name 5 (FIVE) MEMBERS of GROUP ONE.
Lyanna, Cindy, Christian, Raven, Kristine
Lyanna, Cindy, Eriel, Aingelee, Carlo
Lyanna, Cindy, Precious Ann, Marianne, Adlei
Lyanna, Cindy, Ayen, Sophia, Czaryna
15s