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AGRC International Certified Corporate Governance Officer Sample Questions:
1. The specializations and responsibilities of the audit committee can be summarized in:
A) Submitting to the board issues that the committee deems necessary to take action on, supported by its recommendations and the procedures that the board must take.
B) Financial reports, internal audit, external audit, and compliance.
C) Internal audit and external audit.
2. Among the most important factors affecting corporate governance are:
A) All of the above.
B) The efficiency of banks and the capital market.
C) The efficiency of regulatory bodies and agencies.
3. Best practices generally indicate that the optimal number for forming the board of directors in family companies is:
A) ranging from 7 to 9 members
B) ranging from 5 to 9 members
C) ranging from 3 to 7 members
4. The Sarbanes-Oxley Act was issued by the U.S. government, and one of its positive effects is:
A) Enhancing the role of management and external auditors in the process of preparing financial statements.
B) Protecting shareholders from the transgressions of the board of directors.
C) Reducing risks when detecting violations at the appropriate time.
5. One of the most important schools that worked on developing governance principles around the world, and is considered one of the banking regulatory bodies, is:
A) Basel Committee
B) OECD Organization for Economic Cooperation and Development for Governance
C) Cadbury Rules Committee
Solutions:
Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |