Two important issues in corporate governance are (1) the rules that cover the board's ability to fire the CEO and (2) the rules that cover the CEO's ability to remove members of the board. True or False
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- Which of the following factors would weaken corporate governance? A.Ensuring that the rotation of directors is such that the average incumbency ensures that all diretors are appointed for a long period so as to enhance their familiarity with the company's policies and procedures B.Stipulating the maximum number of directorship a director can commit to C.Ensuring the CEO is not the chairman of the board of directors D.The appointment of independent directors to the audit committeeHow do the concepts of cognitive dissonance and organizational/ethical dissonance relate to whether an accountant might choose to blow the whistle on corporate wrongdoing?Independent directors are the agent and trustee of the company, their duties and responsibility towards the shareholder and other stake holders are akin to full time director , but there are few cases reported where the independent director had their personnel hidden interests in the company that jeopardize the general interest of the appointing independent director on board of company. Explain the responsibility of the independent directors toward shareholder and stakeholder. Explain your role in board meetings if you are appointed as an independent director of a company.
- Which of the following does NOT form part of the objectives of a corporate governance best practice framework? Separation of chairperson and CEO roles Establishment of audit, nomination and remuneration committees O Minimisation of risk Employment of non-executive directorsManagers of corporations don’t always takeactions that are in the best interest of the corporation’s owners. What are some of those actions, andhow can corporations structure the managementcontract to help control them?Corporate governance refers to O the idea that a corporate CEO is really accountable to no one and must be constrained by government action the rules, processes, and laws by which companies are operated, controlled, and regulated O the notion that corporations act like a democracy in the sense that every shareholder has an equal vote on corporate decisions O the fact that corporations heavily influence the actions of governments through their lobbying efforts
- Which of the following statements relating to corporate governance is FALSE? The legal environment in which a corporation does business can have a big impact on its decisions. Type I agency problems are more important in widely held companies. (Tick here if you think that none of the other statements is FALSE.) Straight voting is better for minority shareholders than cumulative voting. In a civil law system, judges interpret the law but they cannot change it.In a company, having one individual serve as both CEO and Chairman is a good idea. corporation can raise questions about the company's governance.T True FALSE AsapWhich of the following nature of corporate governance damages the financial stability of the business? O a. It is structured ambiguously. Ob. It is compliant with the formal laws. Oc.it is adhering to the ethical standards. O d. It is adhering the best business practices.
- How do corporate governance ethics programs help avoid legal problems for corporations?The success of any organization heavily depends on the efficiency of the corporate governance. The only way to know the status of success or failure can be found _________________. a. None of the options b. By observing at the number of directors in the board of directors c. By providing a complete internal control report d. By looking at the financial results of the corporationThe following questions are about corporate governance and executive compensation: (a) How does agency theory address the issue of executive compensation? (b) How might stakeholder theory argue against the current model of executive compensation in the United States? (c) What is meant by the statement, “Compensation systems always become in part end and not simply means”?
