The OECD principles strongly recommend:
A: An annual audit
B: Internal audit
C: Directors should not receive pay
D: Directors should be non-executive
A: An annual audit
B: Internal audit
C: Directors should not receive pay
D: Directors should be non-executive
举一反三
- Which of the following is NOT a principle of the UK Corporate Governance Code A: There should be a rigorous and transparent procedure for the appointment of new directors to the board B: The board should use the annual general meeting (AGM) to communicate with investors C: The non-executive chairman should decide on the remuneration of all directors D: All directors should receive induction training on joining the board
- Whichof thefollowing statements are not true? A: The CEO is responsible for monitoring the performance of the chairman. B: Half theboard should be subject to annual re-election. C: The Board should be effective and accept collective responsibility. D: Directors shouldbenchmark their own pay to ensure fairness.
- Which of the following is a limitation of the internal audit function? A: The internal audit report is not circulated to the members. B: Internal audit assignments are designed to meet the needs of the business. C: Internal auditors may be employees of the company. D: Internal auditors may report to an audit committee.
- Which of the following are advantages of having non-executive directors on the company board? A: They can provide a wider perspective than executive directors. B: They provide reassurance to shareholders. C: They may have external experience and knowledge which executive directors do not possess. D: They have more time to devote to the role.
- Who is responsible for overseeing the financial reporting process of an organization? A: The board of directors B: The audit committee C: The frontline managers D: The compensation committee