Governance issues include the following except; Select one: a. Disclosure and transparency b. Role of stockholders c. Rights and treatment of shareholders d. Responsibilities of the board

Q: What is the common agency problem faced by shareholders? Describe TWO (2) situations in which…

A: When the conflicts of interest arise between any relationships then it is referred as agency…

Q: Explain Stakeholder Theory. Discuss the roles play by the board of directors in the application of…

A: Stakeholders are people that are directly related to the firm. These include shareholders,…

Q: Critically elaborate on the role and the balance of power of the Board of  Directors and the…

A: Board of Directors The main function and duties of Board of Directors which has the right to recruit…

Q: What are the principal considerations of a board of directorsin making decisions involving dividend…

A: Definition:

Q: Corporate officers are Group of answer choices  elected by the shareholders.  appointed by the board…

A: Corporate officers are individuals who are responsible to for day to day operations of the company.…

Q: What actions that shareholders can take to ensure that management’s and shareholders’ interests are…

A: Shareholders are individuals that own shares in the company and thus has some percentage in the…

Q: what does the success of the board of directors in fulfilling its oversight responsibilities depend…

A: Answer: The board of directors of any company are formed so that to check the operations of the…

Q: “Relationship between corporate governance & auditing”.

A: Financial report: A financial report is prepared by the firm using the accounting standard and…

Q: Which of the following is NOT a dimension of corporate governance:     Select one: a. Suppliers…

A: Corporate Governance Corporate governance is a structure or a system of organization's rules,…

Q: Which of the following audit procedures would not likely be performed for audits of shareholders’…

A: Audit procedures for auditing shareholder’s equity mainly include the number of authorized, issued…

Q: Board composition in comporate governance

A: The question is based on the concept of the concept corporate governance and its management in a…

Q: Stockholders of a corporation directly elect thea. chairperson of the board.b. board of directors.c.…

A: Stockholders of a corporation are the owners of a corporation.

Q: Based on Pak Elektron Ltd.'s (PEL) annual report of 2017 explain in your own words the following…

A: a) The role of audit and HRM committee is -  1) the primary purpose of audit and HRM committee - i)…

Q: Identify which of the following items are not included as part of general-purpose financial…

A: General purpose financial statements are prepared at the end of the year to analyse the financial…

Q: Board of Director

A: Correct Answer :- D Board  of Director.

Q: What are the qualifications of a member of the Board of Directors?

A: Associations of various types from little charities to mega enterprises are administered by a top…

Q: These are the persons elected and designated by the shareholders who are responsible for the…

A: Company although owned by various owners is controlled and managed by a few selected individuals who…

Q: Question 1 (i) A board committee is best described as a subset of the board formed to achieve which…

A: ANSWERS HAVE BEEN GIVEN IN THE NEXT SHEET

Q: What factors improve the effectiveness of a board of directors?

A: Board of Directors: The people appointed on behalf of shareholder and equity investors to ensure…

Q: The authority to appoint first independent auditor is vested to __________ a. The shareholders b.…

A: The first auditor of a company shall be appointed by board of directors with 30 days from the date…

Q: briefly describe the responsibilities of the Board of Director

A: Governance committee is for looking governance in company. Board of directors who guide and govern…

Q: Describe the importance of an active board of directors audit committee to an organisation.

A: Audit committee is the committee of Board of Directors (BOD) of firm which is accountable as well as…

Q: Who is responsible for the preparation and the fair presentation of an entity's financial statements…

A: Fair Presentation of Financial statement: If the financial statements of an entity do not include…

Q: Under the Public Financial Management Act, Audit Committees are required to play important roles in…

A: It is a system that includes the relationship and accountability of shareholders, the laws and…

Q: As per ISA 570, Who of the following is responsible for assessing the entity going concern…

A: Auditor is the person who is responsible for performing audit work. Going concern assumption says…

Q: how we share our findings and concerns with the board of directors in internal control system?

A: Management is in-charge of the establishment and maintenance of the internal audit function. An…

Q: we discussed the role of an active board of 'directors' audit committee from different aspects. In…

A: The primary function of the audit committee of the company is to provide oversight of the financial…

Q: What is corporate governance? List five corporategovernance provisions that are internal to a…

A: Corporate governance: It is the framework of laws, strategies, and forms that direct and controls a…

Q: What are the responsibilities of the Board of Directors for the financial statements? Or…

A: Financial statements are important because they provide vital information related to the financial…

Q: escribe the necessity, purpose and potential makeup of a board of director

A: For public companies having a proper board of directors is important. This is because public…

Q: Question 1 (i) Which of the following statement is more apprpriate concering a two tier board? A.…

A: The two-tier model comprises of  supervisory board and management board. It is also known as Dual…

Q: Detail the roles of non executive director , chief finance officer (CFO), Audit Committee and…

A: Roles of Non-executive director: The non-executive director is responsible for reviewing and…

Q: which of the following is a control right? shareholders right to elect the members of the board of…

A: Board of directors: Board of directors is a chosen cluster of persons that signify shareholders. The…

Q: true or false.a. The policy-making body in a corporation is called the board of directors

A: Board of directors: The team of elected individuals who represent to shareholders and establish…

Q: Stockholders elect a group of members from among them to manage the affairs of the Corporation, this…

A: The board of directors are the group of individuals whose responsiblity is  manage the affair of the…

Q: The existence of significant influence by an investor is usually evidenced in one or more of the…

A: SOLUTION- EXPLANATION- THE EXISTENCE OF SIGNIFICANT INFLUENCE BY AN INVESTOR USUALLY EVIDENCED IN…

Q: The scope of external audit is decided by the: a. Shareholders b. Government c. Management d. Audit…

A: Audit means checking and authenticating the financial statements of the company whether they are…

Q: What characteristics of the board of directors usually lead to effective corporate governance?

A: Corporate governance: It is the blend of laws, strategies, or laws that run, direct or oversee…

Q: Briefly explain any five responsibilities that fall under the  Board of Directors   ( BOD ) over…

A: The board of directors are a group of people who represent shareholders and are involved with…

Q: What rule/procedure must be observed so that formal meetings like that of the Board of Directors or…

A: Here given the details of the rules and procedures which are involved to arrange the meeting…

Q: Which of the following may provide evidence of significant influence even if the percentage of…

A: Ans. A company if holds atleast 20% of the voting power of a company in its business decisions then…

Q: After a company receives a charter, what are the rules and procedures prepared by the corporate…

A: Corporate Affairs governed by the governing rules , when corporate formed first act of the board of…

Q: Who among the following should ensure that all directors are properly briefed on issues arising at…

A: The answer are as follows

Q: Which are rights of common stockholders? Check all that apply: The right to a share of dividends…

A: Common stock holders are the true owner of business corporation. They are also called residual…

Q: The Sarbanes-Oxley Act provides for requirements with respect to which committee(s) of a company's…

A: The Sarbanes-Oxley Act (or SOX Act) refers to a form of federal law incorporated by United states…

Q: Please answer all 3 subparts

A: Two-tier Board or dual board is a corporate system of having two separate sets of board of directors…