1. As a company secretary, suggest to the board five (5) circumstances that may lead to the appointment of a director being terminated?
Q: What is corporate governance and how does it add value to business success, using a company of your…
A: Corporate governance: It is the rules, policies, practices and regulations based on which the…
Q: . The duty to exercise due care extends to all of the following areas, except: a. location b.…
A: As per Bartleby guidelines, we can only solve one question at a time...Kindly upload the other…
Q: Who do you think might be considered to be stakeholders in a large listed company like Marks and…
A: Meaning -Stakeholder is person or party that has interest in the company and also help the company…
Q: responsibilities
A: 1.What were the responsibilities of the accountants at Arthur Andersen? To whom did they owe these…
Q: What is the role of ethics in good corporate governance?
A: Corporate governance is about promoting corporate fairness, transparency, and accountability. It is…
Q: Assume that you are a consultant advising the Chair of a Remuneration Committee - who oversees CEO…
A: CEO compensation is majorly driven by reward component that aligns their remuneration with long term…
Q: One of the main arguments of Joseph Schumpeter's idea of "creative destruction" is that... O a. the…
A: Joseph Schumpeter was a main supporter of the idea of innovation for the marketing companies. He…
Q: Comment on the composition of the supervisory board in Volkswagen. Piëch became the chairman of the…
A: Every organization has its own manufacturing and industrial process that is carried. Also, there are…
Q: Are there any circumstances under which Jin could avoid being prosecuted for theft of trade secrets…
A: Trade Secrets: A trade secret is any information that is valued by a company’s competitor and makes…
Q: Evaluate the significance of corporate governance?
A: Corportae governanace can be defined as the set of rule and regulations that a company is abid to…
Q: In Ghana today, by a mere association with a person who has engaged in some wrong doings or may be…
A: Though we make judgments for a variety of reasons, we frequently do so when: 1.We are unfamiliar…
Q: Is there a conflict between maximizing shareholder wealth and never paying bribes when doing…
A: There is no conflict between maximizing shareholder wealth and never paying bribes while doing…
Q: n relation to Corporate Governance, select the most accurate statement: Corporate Governance refers…
A: A system of rules and procedures based on which the business enterprises are required to manage and…
Q: Disadvantages of using a one size fit all corporate governance code globally
A: Corporate Governance is the structure of processes and practices that are made and implemented to…
Q: 1. Explain (8) basic characteristics of Good Governance.
A: Note: We are authorized to answer only one question at a time. Since it is not mentioned which…
Q: Mr Ibrahim is a single owner of his business. Due to covid-19, his business went into deep losses.…
A: Please find the answer in the step below.
Q: What governance are in place to ensure the interests of the principals and the agents stay aligned?…
A: Corporate board directors encounter the repeated challenge of bringing into line the interests of…
Q: Governance, Risk Management, and Control are interrelated terms. As an internal auditor whose…
A: Moreover you may opt to design a simple one line audit plan how will you evaluate the governance,…
Q: Describe how effective corporate governance in Procter and Gamble (P&G) seeks to ensure ethical…
A: Actual corporate governance at P&G will make sure that there are guidelines & governing…
Q: 13 - Which of the following does not have legal personality? a) Society B) Foundation NS)…
A: A legal person is a person or a thing who is usually able to do legal things such as contract, own…
Q: Both Biondo and Cramer are large public corporations with subsidiaries throughout the world. Biondo…
A: a. The agency problem will be more pronounced for Cramer because Cramer uses decentralized approach…
Q: Razor, Inc. tyros , Inc two automobile companies merged reducing the number of corporations…
A: Razor inc It is an automobile company which is used to manufactures automobiles. It was founded in…
Q: Define corporate governance
A: Note: We are authorized to answer only one question at a time. Since it is not mentioned which…
Q: Explain how the separation of ownership and control of corporations comes about and why it leads to…
A: Explain how the separation of ownership and control of corporations comes about and why it leads to…
Q: Explain the factors affecting corporate governance performance and the company's financial…
A: Corporate governance: It is the framework of rules, systems, and processes used to direct and manage…
Q: Under German company law, all public companies are required to have two boards – a management board…
A: A two-tier board is mainly composed of a supervisory and management board. Both the boards have…
Q: Given that most of what lobbyists do is not observed and many lobbyists may be working on the same…
A: Lobbying is defined as the process to influence the actions, policies or decision making…
Q: Which of the following is NOT bribery under the Bribery Act 2010? Select one: a. An individual who…
A: The bribery act was introduced mainly to tackle corruption by preventing individuals and…
Q: WYZ Ltd. is a manufacturing company incorporated in Ghana under the Companies Act of 2019, Act 992.…
A: Various management and marketing issues that could be responsible for the firm to be unable to…
Q: As a newly appointed Chief Ethics Officer of a major corporation in Ghana, make a presentation to…
A: Code of ethics are those values that guide the authorities to commence their professional or…
Q: 1. Explain whether the following statement is true or false. "Governance is exercised only by the…
A: INTRODUCTION: The system of laws, customs, and procedures used to manage and operate a business is…
Q: Nokia company wants to conduct CSR so it has to fulfill the responsibility or the obligation to…
A: Corporate social responsibility is a business model which is self-moving and supports a corporation…
Q: What role does having an SLA play for supporting external projects with consultants or third-party…
A: The agreement focuses on the service level by laying out metrics by measuring the different level of…
Q: On October 21, 2019, Charles Scharf officially assumed the role of CEO. Can he succeed in restoring…
A: As Charles Scharf officially assumed the role of CEO. He can achieve restoring the reputation of…
Q: ) Which of the following is not an example of a governance mechanisms that is external to the firm?…
A: Effective corporate governance is very important in today's world. Corporate governance structure…
Q: To ensure good corporate governance, a two-tier board would be more advantageous than an unitary…
A: The structure of a two-tiered board is designed to automatically alleviate some of the biases that…
Q: a Do the fiftcen-year-olds bear some responsibility? Explain b. Does Steve Jobs, the CEO of Apple?…
A: Since you have asked multiple sub-parts, we will solve the first three questions for you, If you…
Q: Who are the stakeholders? And why they should pay attention that how GAC tracks and monitors…
A: Stakeholders are the investors, customers, shareholders, employees, creditors, etc. who have direct…
Q: The Commission for the Prevention of Corruption is reminding heads of public sector agencies and…
A: Whistle-blowing essentially is accomplished by an employee where he/she discovers that the ethical…
Q: Volkswagen’s two-tier board structure Under German company law, it is mandatory for all public…
A: Two-tier board structure: It is also called dual board structure. It is required to reduce the…
Q: consider doing "the right thing" and return the bonuses, describing them as "distasteful." Within…
A: * No , For effective performance of any business organization in a longer run it is not feasible to…
Q: If a company were to combine the roles of chairman and CEO, what concerns would the organization…
A: Ethical Issues Ethical issues or problems emerge where the choice of a single action, situation, or…
Q: the Italian and American corporate governance systems differ because a. the way the finacial…
A: here the Italian and American governance differ because of many factor such as methods of…
Q: 69- Economists view corporate bankruptcy as A- a necessary aspect of a capitalist economy B- a…
A: Corporate Bankruptcy Pessimists believe that if a company you invested in goes bankrupt, you'll be…
Q: Why does a CISO need to be able to differentiate the drivers of corporate governance and IT…
A: Note:- We are authorized to answer one question at a time, since you have not mentioned which…
Q: The corporate governance scandal brought to light many issues which have played an important role in…
A: Corporate governance is tied in with empowering associations to accomplish their objectives, control…
Step by step
Solved in 2 steps
- Governance Risk and Compliance 1. One major problem that led to the financial crisis of 2007/2008 was that there was no articulation of risk appetite or identification of those responsible when risks were incurred. Discuss the risk appetite of banks and explain how four groups (debt holders, shareholders, regulators and governments) impact differently on the determination by the Board of Directors of a bank of the appropriate risk appetite. 2. Define the concept “Governance, Risk Management and Compliance” (GRC) and discuss the benefits of this approach to companiesDolla going Ultra Microfinancier launches new business geared towards wealthy DOLLA Financial Services Limited will be launching its newest subsidiary, Ultra Financier Limited, on November 1 to be led by CEO David Henriques. The company was incorporated on August 3, according to the Companies Office of Jamaica records, but only received approval for its formation by its board of directors recently. The subsidiary will be injected with $350 million from Dolla's upsized $1.5-billion secured corporate notes (bond). Dolla is the sole shareholder with 1 million ordinary shares, with Dolla Chairman Ryan-Kwesi Reid, Dolla CEO Kadeen Mairs, Dolla Chief Financial Officer Trevene McKenzie, First Rock Private Equity (FRPE) Managing Director Christopher Yeung and Henriques as directors. "Ultra is going to be lending to high net worth (HNW) individuals. We'll lend between $1 million to $100 million per person and we take luxury assets, prime investments, and properties as collateral. A person can…The concepts of the appointment, duties of directors as well as to whom these duties are owed together with the effects and procedure for mergers and acquisition as well as the raising of capital and winding up by companies have been subject to a long-standing debate in the country and beyond. Whereas some believe that a reformation in the Law is the only way out, others are of the opinion that these are issues that would die out with the passage of time and should therefore be left as it is. As a member of the society for black business administration students you have been invited to attend the 35th international conference on law reform with a slot to present a position paper on the subject. Cease the opportunity to clarify the position of the law in respect of the above using statutes and caselaw as your main point of referen
- 1.Explain the essential differences between general purpose and special purpose governments and give several examples of each. 2.What are the principal characteristics that distinguish governmental and not for profit organizations from business enterprises (FP) 3.Explain what distinguishes governmental not-for-profit organizations from nan governmental not-for-profit arganizations. Why is such a distinction necessary? 4.Explain in your own words why accountability is the comerstone of all financial reporting in government? What should be the government wide financial statements report on and why?Read and analyze the following situation.Bernard J. Ebbers, chief executive officer and founder of the telecommunications giant, WorldCom, owed the corporation $375 million for a loan secured by shares he owned in the company. The value of the company's stock was declining, to the point that the value of its shares was less than the amount of the loan. On February 2, 2002, Mr. Ebbers engaged in a series of communications with leading Wall Street stock analysts, whose opinions helped drive up the stock price, to refute negative news about the company's financial condition. , which was frightening investors. That day, the company's shares increased by 12% in value. Four months later, the company filed for bankruptcy protection due to its precarious economic condition. Answer the following questions:Are the actions mentioned above illegal? Are they unethical? Support and explain your answer. What is the difference between an illegal action and an unethical one? Support and explain your…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…
- Corporate Governance involves a set of relationships between a company's management, its board, its shareholders and other stakeholders. Corporate Governance also provides the structure through which the objective of the company are set, and the means of attaining those objectives and monitoring performance are determined. Using any of the defunct banks you may have heard of, justify how this difinition is in line or deviates from good corporate Governance as exhibited by the leadership of the Bank. Dicusss?Governance, Risk Management, and Control are interrelated terms. As an internal auditor whose primary task is to evaluate Governance, Risk Management, and Control, you must understand how these concepts interrelate with each other. Name one company (which can be a publicly listed, public company, registered issuer, non-stock, non-profit corporation, partnership, sole proprietor, and yes, even the sari-sari store of your neighbor), and illustrate the inter-relationship of Governance, Risk Management, and Control in your chosen company. Moreover, you may opt to design a simple one-line audit plan how will you evaluate the Governance, Risk Management, and Control of your chosen company.A CEO has placed you in charge of a new investment opportunity to borrow $5 billion dollars to create a new subsidiary of MCI called MillerCare Insurance. Estimates indicate that in seven years, MillerCare Insurance and its assets will be valued at $8 billion. The best offer for the loan sits at 12 percent. Mr. Miller instructed you to provide guidance to the new insurance firm, if indeed you decide to accept the loan package. How might you advise the top management of the insurance firm in regard to: How the Law of Diminishing Returns impacts the insurance market The dangers of Moral hazard Adverse selection
- You have been appointed as a Senior Advisor on Insurance Regulations and Environment by Cool Investors who are venturing into insurance and seeking to obtain a license to operate in the Ghanaian Market. The Managing Director is relying on you to understand basic insurance principles in preparation for a discussion with potential shareholders on the subject. There are several principles that underpin insurance. Write a Memo to the Managing Director discussing two of these fundamental principles of insurance, highlighting the following: The role of the law of large numbers and large numbers in general The impact of undercutting on the selected principles of insurance The question must be answered citing Ghanaian Cases and Examples in addition to experiences of other jurisdictions.3. What is the objective of the company in having a, strong and effective internal control system? 4. What is the purpose of having an independent internal audit function in a publicly-listed corporation?Read the case study and answer the following questions. On September 15, 2008, financial services firm Lehman Brothers filed for bankruptcy with the U.S. Bankruptcy Court in the Southern District of New York.96 That action—the largest Chapter 11 filing in financial history—started an escalating and spiraling “crisis of confidence” that destabilized world financial markets and set off the worst financial scenario since the Great Depression. The fall of this Wall Street icon is, unfortunately, not a new thing, as we’ve seen in the stories of Enron, WorldCom, and others. In a report released by bankruptcy court-appointed examiner Anton Valukas, Lehman executives and the firm’s auditor, Ernst & Young, were lambasted for actions that led to the firm’s collapse. Valukas said, “Lehman repeatedly exceeded its own internal risk limits and controls, and a wide range of bad calls by its management led to the bank’s failure.” Let’s look behind the scenes at some of the issues. One of the major…