course hero which of the following statements about corporate governance is incorrect?

When is a company considered to have good governance?

A company that implements an internal control system whose objectives are to safeguard assets, check the accuracy and reliability of accounting data, and promote operational efficiency is one that always can be said to have good corporate governance b. The 2013 COSO IC components are widely used by managers to evaluate their corporate governance c.

Which is an accounting issue rather than a corporate governance issue?

The dilution of shareholders' wealth resulting from employee stock options or employee stock bonuses is an accounting issue rather than a corporate governance issue. d. The internal audit function of a company has more responsibility than the board for the company's corporate governance.

What is the purpose of governance?

Governance is used to establish order between parties whose interests may be in conflict. b. Corporate governance mechanisms sometimes fail to monitor and control top managers' decisions. c. Corporate governance mechanisms can be in conflict with one another.

How to ensure shareholders are sufficiently informed about corporate governance?

d. All of the above c. Provide shareholders with all information made available to directors To ensure shareholders are sufficiently informed good governance practices include: a. Prepare regular reports b. Have annual reports audited

Which one of the following statement is correct corporate governance?

Corporate governance is the set of rules that control a company's behavior towards its directors, managers, employees, shareholders, creditors, customers, competitors, and community. - This is correct as Corporate governance controls a company's behavior to align with the goals and objectives of all the stakeholders.

Which of the following statement about corporate governance structure is true?

The correct answer is a. It refers to the manner in which an entity is managed and governed.

What is corporate governance quizlet?

Corporate governance refers to the set of mechanisms and processes that help ensure that companies are directed and managed to createvalue for their owners, while concurrently fulfilling responsibilities to other stakeholders.

What is the role of corporate governance?

The purpose of corporate governance is to facilitate effective, entrepreneurial and prudent management that can deliver the long-term success of the company. Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies.

Which of the following statement is not true in corporate governance?

Corporate governance is undertaken to achieve organizational objectives and control the functioning of the organization. The only objective is not to maximize the value. The explanation for incorrect answers: A) It involves stakeholders other than shareholders.

Which of the following is not true for corporate governance?

The correct answer is D) Its sole objective is to maximize the value of the company in the short-term. The purpose of corporate governance is not restricted to the short term. In fact, most of its objectives are long-term. All the other options fall under the umbrella of this concept.

Which of the following best describes the role of corporate governance quizlet?

Which of the following best defines the concept of corporate governance? The system of principles, policies, and procedures used to manage and control the activities of a corporation.

What are the main purposes of corporate governance quizlet?

The objectives of a corporate governance system are 1) to eliminate or mitigate conflicts of interest among stakeholders, particularly between managers and shareholders, and 2) to ensure that the assets of the company are used efficiently and productively and in the best interests of the investors and other ...

What is the role of the board of directors in corporate governance quizlet?

the responsibilities of the board include setting the company's strategic aims, providing the leadership to put them into effect, supervising the management of the business and reporting to shareholders on their stewardship.

What are the 4 principles of corporate governance?

The 4 Principles of Corporate GovernanceAccountability. Being able to explain every action you make in your business is vital in building confidence among your stakeholders and shareholders. ... Transparency. Transparency, like accountability, engenders confidence. ... Fairness. ... Responsibility.

Which of the following is the main feature of corporate governance Mcq?

It gives ultimate responsibility to the Board of Directors. Corporate Governance has a broad scope. It includes both social and institutional aspects. Corporate Governance encourages a trustworthy, moral as well as ethical environment.

What is an example of corporate governance?

Another essential corporate governance example is adhering to ISO standards such as ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018. These standards provide a framework for best practice management systems. Our software solutions provide a system to manage multiple ISO standards, without duplicating workload.

Which of the following is true of the codes of conduct of an organization quizlet?

Which of the following is true of the codes of conduct of an organization? They detail how the organization expects an employee to behave and to represent the company in business dealings.

Which of the following is not true about the members of the board of directors in a public stock company?

Which of the following is NOT true about the members of the board of directors in a public stock company? They are not responsible to shareholders.

Which of the following is an important internal corporate governance mechanism?

The most important internal corporate governance mechanisms include ownership structure, board structure, and manager incentive mechanism.

Which of the following is an implication for the strategist in the context of corporate governance and a company's success?

Which of the following is an implication for the strategist in the context of corporate governance and a company's success? Effective corporate governance and solid business ethics are critical to gaining and sustaining competitive advantage.

Which country requires that other nations adopt its governance practices?

d. the United States requires that other nations adopt its governance practices.

Will risk managers find a new top management position if they should be dismissed?

d. risk managers will not find a new top management position if they should be dismissed.