Narrative reporting provides benefits such as: i. Providing a broader, more meaningful understanding of an organisation's business. ii. Improvement in the quality of information available to providers of financial capital iii. Promotion of a more cohesive and efficient approach to corporate reporting. iv. Provide information that are easier to comprehend A. i only B. ii and iii only C. ii and iv only D. All of the above
Question 1
(i) Narrative reporting provides benefits such as:
i. Providing a broader, more meaningful understanding of an organisation's business.
ii. Improvement in the quality of information available to providers of financial capital
iii. Promotion of a more cohesive and efficient approach to corporate reporting.
iv. Provide information that are easier to comprehend
A. i only
B. ii and iii only
C. ii and iv only
D. All of the above
(ii) In which of the following scenarios would there be more rules and regulations?
A. A jurisdiction where there are a majority of individual shareholders.
B. A jurisdiction where there are a majority of family-owned businesses.
C. A jurisdiction where there are a majority of institutional shareholders.
D. A jurisdiction where there are a majority of 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. 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
(iv) Which of the following is not a responsibility of a remuneration committee?
A. The setting up of the remuneration policy for all executive directors and the Company's Chairperson, including pension rights and any compensation payments.
B. The evaluation of the effectiveness of the board, and its individual directors.
C. Review the on-going appropriateness and relevance of the remuneration policy.
D. Take into account all factors which it deems necessary including relevant legal and regulatory requirements, the principles of the code and associated guidance.
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