Please answer all 3 subparts
Question 1
(i) Which of the following statement is correct concerning two-tier boards?
A. The management board consists entirely of non-executive directors.
B. The supervisory board has the responsibility for risk management and for the
preparation of the annual financial statement.
C. The management board is led by the Chairman who is the CEO of the company.
D. The supervisory board is responsible for managing the company.
(ii) Who are key players, according to the firm definition of corporate governance:
A. Management
B. Shareholders
C. All stakeholders
D. The independent board
(iii) Which of the following is not a statutory duty of a director?
A. Duty to disclose any money received in connection of a transfer of company property.
B. Duty to exercise due diligence in their work.
C. Duty to contribute an appropriate sum of money to the board on joining the company.
D. Duty to keep proper accounting records and make such records available for inspection.
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