Explain the importance of each of the following as they pertain to corporate governance:a. Disclosure and transparencyb. Leadership
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Explain the importance of each of the following as they pertain to corporate governance:
a. Disclosure and transparency
b. Leadership
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- 4.1.The King IV Report on Corporate Governance adopts an outcomes-based philosophy. Discuss the key governance outcomes envisaged by King IV and how this may benefit organisations. Your answer should include reference to the “apply and explain” principleb. What is corporate governance and how does it add value to business success, using a company of your choice as a case studyWhich ONE of the following is not a management responsibility as per Corporate Governance Code? a) Set policies on internal control b) Identify and evaluate risks c) Assists compliance with laws and regulations d) Design, operate and monitor the system of internal control e) Obtain understanding of the business and the risks it faces Only c) Only c) and e) Only b) and e) Only c) , d) and e)
- what's the role of the Board of Directors, the Risk Committee, the Audit Committee, and their relationship to each other in organizational governance.meaning of corporate governance and Explain in 500 words the 4 P’s of corporate governance.Define the following in the context of Corporate Governance N - Nurturing organization. I - Integrity C- Community building H - Human Dignity. E - Excellence.
- D3) Discuss why remuneration is recognized as an important governance issue and the role of shareholders in monitoring it.In relation to Corporate Governance, select the most accurate statement: Corporate Governance refers to... Select one: 1.the need for companies to be managed in a way that is transparent, and ensure accountability for wrongdoings 2.All of the above 3.the need to shift the focus of corporate behaviour, from being purely focused on protecting the interests of company shareholders, to ensuring protective measures are taken to benefit all stakeholders of the company 4.None of the above 5.the way companies are directed and managed to ensure that companies are controlled in a manner that most efficiently protects and promotes the interests of their participants“Audit Committee is said to play an essential role in a company’s corporate governance.” Critically analyse the above statement.
- Define the following in the context of Corporate Governance: N - urturing organization. (How does the company demonstrate this?) I - Integrity (Does the company value integrity in the organization? C- Community building (Does the company care for its outside stakeholders including the bigger society or community and the natural environment?) H - Human Dignity. (Does the company value its people? How? E - Excellence. (Does the company value excellence? How is this manifested?)Choose 3 good characteristics of good governance and come up with illustration.Actions, policies, and procedures that reflect the overall attitude of management,directors, and owners of the entity about internal control relate to which of thefollowing internal control components?(1) Control environment (3) Risk assessment(2) Information and communication (4) Monitoring