Question 1 (i) Which of the following is not an example of internal control risk? A. Risks of errors or fraud in accounting systems and accounting and finance activities. B. Risks that important laws and regulations will not be complied with properly. C. Risks that arise in the business environment and markets in which the company operates D. The risk of losses resulting from inadequate or failed internal processes, people and systems or external events. (ii) 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. (iii) Which of the following would be the best way for a shareholder (not being an institutional shareholder) to become involved in the corporate governance of a listed corporation in which they own shares? A. By taking an active interest and active role in the management of the corporation. B. By voting through proxy or by attendance at the general meetings of the corporation. C. By selling their shares on the market because the corporation fails to pay dividends at an appropriate level. D. By overruling board decisions, including through votes against the board in relation to non-binding shareholder votes.
Please answer all 3 subparts
Question 1
(i) Which of the following is not an example of internal control risk?
A. Risks of errors or fraud in accounting systems and accounting and finance activities.
B. Risks that important laws and regulations will not be complied with properly.
C. Risks that arise in the business environment and markets in which the company operates
D. The risk of losses resulting from inadequate or failed internal processes, people and systems or external events.
(ii) 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.
(iii) Which of the following would be the best way for a shareholder (not being an institutional shareholder) to become involved in the corporate governance of a listed corporation in which they own shares?
A. By taking an active interest and active role in the management of the corporation.
B. By voting through proxy or by attendance at the general meetings of the corporation.
C. By selling their shares on the market because the corporation fails to pay dividends at an appropriate level.
D. By overruling board decisions, including through votes against the board in relation to non-binding shareholder votes.
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