3.3 Who do audit committees normally liaise between?
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1 .3.2 The following are statements that could be made about corporate governance:(1) The system by which business corporations are directed and controlled.(2) It involves entrepreneurism, innovation, development and exploration.(3) It aims to achieve a long-term increase in shareholder value.(4) It narrows the expectation gap.(5) It only applies to entities that are listed on a stock exchange.What combination of these statements best describes the meaning of corporate governance?
A 1, 4 and 5 B 1, 2 and 5 C 1, 2 and 3 D 2, 3 and 5
2 .3.4 Under corporate governance it is illegal for the Chief Executive Officer to also act as the Chairman of the Board.Is this statement true or false?
A True B False
3 .3.5 Which of the following is NOT a principle of corporate governance?
A Rights of shareholders B Board responsibilities C Auditor’s accountability and remuneration D Risk management and internal control
4 .3.1 Which of the following correctly states the composition of an audit committee?
A Executive directors only B Non-executive directors only C Non-executive directors and internal auditors
5 .3.8 Which of the following is NOT a recommendation of the UK Corporate Governance Code?
A There should be a clear division of responsibility between the running of the board and running of the company’s business B All members of the board, excluding the chairman, should be independent nonexecutive directors C Executive director remuneration should be linked to corporate and individua...
7 .3.6 Which of the following best describes an advantage of an audit committee?
A It enables executive directors to contribute independent judgement to matters of critical importance B It offers the internal auditors a direct, formal link with the executive directors C It enables management to delegate a thorough and detailed review of audit matters D It provides effective and ...
8 .3.7 Which of the following is NOT a disadvantage of an audit committee?
A The external auditors must communicate directly with the audit committee B It is difficult to find suitable candidates because of the time and expertise required C Audit committees may be seen as an unnecessary legal or regulatory burden
9 .金融机构按照( )可以分为直接金融机构和间接金融机构。
A 职能作用 B 业务特征 C 活动领域 D 资金来源
10 .在最初资金提供者和最终资金使用者之间进行债权债务关系转换活动的中介机构通常是( )金融机构。
A 契约型 B 直接 C 调控型 D 间接
