BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Risk management
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Internal controls
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Maximising shareholder wealth
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Accountability to stakeholders
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Detailed explanation-1: -The four P’s of corporate governance are people, process, performance, and purpose.
Detailed explanation-2: -Answer and Explanation: The correct answer is B. Review the company’s regulatory filings and financial information provided to shareholders. Most of the regulatory filings and financial information offered to the shareholders are not used in investment analysis.
Detailed explanation-3: -Directors have the following statutory duties among others: To act in accordance with the articles of association of the company. To act in good faith to promote the objects of the company. Of care, skill and diligence and to exercise independent judgment.
Detailed explanation-4: -The board of Director plays a crucial role in corporate governance especially with regard to board characteristics which include; composition, size, diversity, committee structure, frequency of meetings, styles, structure, processes, activities and their relationship.