(i) Which committee is responsible for succession planning? A. The audit committee B. The nomination committee C. The remuneration committee D. The corporate governance committee (ii) In which of the following scenarios would there be more rules and regulations? A. A jurisdiction where there are majority individual shareholders. B. A jurisdiction where there are a majority family-owned businesses. C. A jurisdiction where there are a majority institutional shareholders. D. A jurisdiction where there are a majority governmental shareholders. (iii) Factors leading to development of corporate governance codes include i. Concerns of investors about misleading financial statements ii. Calls from stock exchanges, government, companies and institutional investors to enhance market confidence iii. Of the need to reduce the risks of corporate scandals, and promoting fairness, accountability, responsibility and transparency in companies iv. The need to provide for the separation of the role of the Chair and the CEO A. (i) and (ii) only B. (i), (ii) and (iii) only C. (i), (ii) and (iv) only D. All of the above
Please answer all 3 subparts.
Question 1
(i) Which committee is responsible for succession planning?
A. The audit committee
B. The nomination committee
C. The remuneration committee
D. The corporate governance committee
(ii) In which of the following scenarios would there be more rules and regulations?
A. A jurisdiction where there are majority individual shareholders.
B. A jurisdiction where there are a majority family-owned businesses.
C. A jurisdiction where there are a majority institutional shareholders.
D. A jurisdiction where there are a majority governmental shareholders.
(iii) Factors leading to development of corporate governance codes include
i. Concerns of investors about misleading financial statements
ii. Calls from stock exchanges, government, companies and institutional
investors to enhance market confidence
iii. Of the need to reduce the risks of corporate scandals, and promoting fairness, accountability, responsibility and transparency in companies
iv. The need to provide for the separation of the role of the Chair and the CEO
A. (i) and (ii) only
B. (i), (ii) and (iii) only
C. (i), (ii) and (iv) only
D. All of the above
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