Question 1 (i) Which one of the following best illustrates the approach adopted by NCCG 2016? A. “apply and explain” B. “apply or explain” C. “comply and explain” D. “comply or explain” (ii) The National Code of Corporate Governance of Mauritius recognizes that ‘one size does not fit all’ Which of the following statements most accurately describes this principle? A. It takes into account that different types of organisations cannot apply all the principles of the Code. B. It takes into account that different types of organisations have different objectives which may not align with provisions of the Code. C. It takes into account that different types of organisations can take different approaches to achieving good corporate governance. D. It takes into account that application to the provisions of the Code does not always lead to superior performance. (iii) Which of the following are ‘overarching corporate governance principles’? A. Faithfulness, accountability, responsibility, transparency B. Fairness, accountability, reliability, transparency C. Fairness, accountability, reliability, truthfulness D. Fairness, accountability, responsibility, transparency

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Question 1

(i) Which one of the following best illustrates the approach adopted by NCCG 2016?
A. “apply and explain”
B. “apply or explain”
C. “comply and explain”
D. “comply or explain”

(ii) The National Code of Corporate Governance of Mauritius recognizes that ‘one size does not fit all’
Which of the following statements most accurately describes this principle?
A. It takes into account that different types of organisations cannot apply all the principles of the Code.
B. It takes into account that different types of organisations have different objectives which may not align with provisions of the Code.
C. It takes into account that different types of organisations can take different approaches to achieving good corporate governance.
D. It takes into account that application to the provisions of the Code does not always lead to superior performance.

(iii) Which of the following are ‘overarching corporate governance principles’?
A. Faithfulness, accountability, responsibility, transparency
B. Fairness, accountability, reliability, transparency
C. Fairness, accountability, reliability, truthfulness
D. Fairness, accountability, responsibility, transparency

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