The Common Interest Community (CIC) Board is a separate agency within the DPOR. The board was established to regulate CIC managers by means of a licensure program. Under the CIC Board are four acts:
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The Common Interest Community (CIC) Board is a separate agency within the DPOR. The board was established to regulate CIC managers by means of a licensure program. Under the CIC Board are four acts:
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- what is the responsibilities over attached agencies by the chairman of the CICTWhat is the objective of the company in having a, strong and effective internal control system? What is the purpose of having an independent internal audit function in a publicly-listed corporation? Give at least four (4) responsibilities of the chief audit executive. Enumerate the activities of the risk management department in a publicly-listed corporation. To what may the shareholder’s right relate? How may participation of employee in corporate governance be encouraged? True or false. Sustainability reporting includes voluntary corporate disclosures about sustainability initiatives, plans, and associated outcomes. True or false. The terms non-financial reporting, corporate social responsibility reporting, and triple bottom-line reporting are each sustainability-related terms. Define the terms nonfinancial reporting corporate social responsibility reporting, and triple bottom-line reporting. How do these relate to sustainability reporting? What factors have driven the demand for…As the manager of business development, investigating direct traders, critque the operational manager of office administration who is investigation brokers
- what is the role of audit committee of company ? discuss the provision of section 177 of the companies act in this regard"The Board has adopted Corporate Governance Policies to ensure that the Board has the necessary authority and processes in place to review and evaluate our business operations as needed and to make decisions that are independent of our management. These policies include practices the Board follows with respect to its composition and selection, regular evaluations of the Board and its committees, Board meetings and involvement of senior management, senior management performance evaluation, and Board committees and compensation" Is a member of senior management present at all full Board and Board Committee meetings? Group of answer choices a) Yes b) It depends c) NoPlease explain the following terms: 1.Agency costs 2.Agency problems 3.Agency asymmetry problems 4.Decision rights 5.Influence costs
- The agency problems may appear in THE FOLLOWING instances except: a. Efficient markets for corporate control, management, labour and corporate information b. There is “information asymmetry.” Management and shareholders do not have access to the same information; and c. The company’s Board of Directors fails in its oversight duties d. There are conflicting interests between the management and shareholders of the firmAt a recent board meeting of Co., a non-executive director suggested that the company’s remuneration committee should consider scrapping the company’s share option scheme, since the executives could be rewarded by the scheme even when they do not perform well. A second non-executive director had a view that, even when the executives act in ways which decrease the agency problem, they might not be rewarded by the share option scheme if the stock markets were in decline. REQUIRED: Explain the nature of the agency problem and discuss the use of share option schemes and performance-related pay as methods of reducing the agency problem in a stock-market listed company.Please solve all questions. You are the manager responsible for the audit of Kicap Manis Berhad, a listed company, for the year ended 31 December 2019. The main business activity of Kicap Manis Berhad is the manufacture of farm machinery. The audit work has been completed, and you are reviewing the working papers in order to draft a report to those charged with governance. During the audit of property, plant and equipment (PPE), the audit team found no material misstatement but the following issues have come to your attention. It was discovered that authorization had not been gained for the purchase of office equipment with a cost of RM315,000. The officer in charge of the purchase claimed that the management has conveyed their agreement with the purchase in the management team monthly meeting, but the audit team has not been furnished with such minutes of meeting even after numerous requests. The client is using an internally developed PPE system, PropertyCare, to maintain the records…
- Discuss the main corporate governance "codes" that have influenced the development of corporate governanceClear Field Cheese Company Case Andy Reisinger, CIO, and Sandy Knight, CSCO, of the Clearfield Cheese Company in central Pennsylvania had just returned from a meeting with Tom Powers, who was the CEO of the company. Andy and Sandy were both feeling the pressure of the competitive problems that Tom had presented in their weekly senior staff meeting. It was clear that Clearfield Cheese Company faced challenging market conditions. Background Clearfield Cheese Company was established in 1931 by two brothers, Ted and Terry Edwards, in Clearfield, which is located in an agricultural area in central Pennsylvania. At the time, the U.S. economy was in the throes of a severe economic depression. The local dairy farmers were experiencing financial duress because they could not sell their milk at a price which would cover their costs. Part of the problem was transporting the milk to Pittsburgh and other larger cities at a landed cost that was competitive with farmers in Ohio. The Edwards brothers…acme the rejected current regulator proposal what could be the possible alternative course of actions to get the contract