Corporate governance Solutions
CEO duality - answerA situation in which an individual holds both the CEO and chair of
the board title
advantages of not having CEO Duality - answer1. better alignment with corporate
governance best practices
2. improvement of CEO accountability
3. reduciton in CEO's potential conflict of interst
4. more effective board oversight
Audit Committee - answerthe outside, independent board of director members
responsible for financial reporting, regulatory compliance, internal control, and hiring
and overseeing internal and external auditors
Compensation Committee - answersubgroup of the board of directors that is composed
of directors who are not officers of the firm with HR experience
principles of corporate governance - answer1. accountability
2. transparency 3
3. fairness
4. responsibility
G20/OCED Principles of Corporate Governance - answer1. governments have effective
framework
2. protection of shareholder rights
3. instiutional invesotrs
4. stakeholders in corporate governance
5. timely disclosures
6. board structures
Audit committee best practices - answer1. mandatory independent audit committee
2. written charter
3. adequate resources and authority
4. informed and vigilant members
Per the G20/OCED principles of corporate governance, an entity's corproat governance
framework should - answer1. Promote transparent and fair markets and the efficient
allocation of resources.
2. Be consistent with the rule of law.
3. Support effective supervision and enforcement.
Protect and facilitate the exercise of shareholders' rights.
CEO duality - answerA situation in which an individual holds both the CEO and chair of
the board title
advantages of not having CEO Duality - answer1. better alignment with corporate
governance best practices
2. improvement of CEO accountability
3. reduciton in CEO's potential conflict of interst
4. more effective board oversight
Audit Committee - answerthe outside, independent board of director members
responsible for financial reporting, regulatory compliance, internal control, and hiring
and overseeing internal and external auditors
Compensation Committee - answersubgroup of the board of directors that is composed
of directors who are not officers of the firm with HR experience
principles of corporate governance - answer1. accountability
2. transparency 3
3. fairness
4. responsibility
G20/OCED Principles of Corporate Governance - answer1. governments have effective
framework
2. protection of shareholder rights
3. instiutional invesotrs
4. stakeholders in corporate governance
5. timely disclosures
6. board structures
Audit committee best practices - answer1. mandatory independent audit committee
2. written charter
3. adequate resources and authority
4. informed and vigilant members
Per the G20/OCED principles of corporate governance, an entity's corproat governance
framework should - answer1. Promote transparent and fair markets and the efficient
allocation of resources.
2. Be consistent with the rule of law.
3. Support effective supervision and enforcement.
Protect and facilitate the exercise of shareholders' rights.
