i) Which country would be more appropriate to explain the two tier board system? A. United Kingdom B. United States C. Austria D. South Africa (ii) In a two tier structure of corporate governance, A. Members of the supervisory board are appointed by the executive board. B. The chair of the non-executive board is also chair of the executive board. C. Non-executives are responsible for the day-to-day operations. D. CEO and chair of the board are split. (iii) Boards are advised to consider developing and ratifying a ____________ that provides the terms of reference for the board and describes how the board operates. A. Code of corporate governance B. Code of ethics C. Charter D. Statement of accountabilities.
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Question 1
(i) Which country would be more appropriate to explain the two tier board system?
A. United Kingdom
B. United States
C. Austria
D. South Africa
(ii) In a two tier structure of corporate governance,
A. Members of the supervisory board are appointed by the executive board.
B. The chair of the non-executive board is also chair of the executive board.
C. Non-executives are responsible for the day-to-day operations.
D. CEO and chair of the board are split.
(iii) Boards are advised to consider developing and ratifying a ____________ that provides the terms of reference for the board and describes how the board operates.
A. Code of corporate governance
B. Code of ethics
C. Charter
D. Statement of accountabilities.
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