Exam 4: Fundamental Concepts of Corporate Governance

Under the CLERP 9 reforms relating to the conduct of auditors former auditors are prohibited from employment in or directorships of their former clients for a period of:

Which of the following is not a warning signal that should raise concern with directors and officers in relation to the solvency of the company?

Which of the following is not one of the ASX principles of corporate governance?

Which of the following is a defence for a breach of trading while insolvent? I the director had reasonable grounds to expect,and did expect that the company was solvent; II the director took all reasonable steps to prevent the debt from being incurred; III the director relied on a subordinate who they believed was competent and reliable and who was responsible for the information; IV illness prevented the director from taking part in management.

Resource dependence refers to:

Which of the following statements is incorrect in relation to corporate governance systems?

Outline the four key duties for directors and officers as laid out in the Corporations Act.

Which of the following statements is not correct in relation to continuous disclosure?

The ASX Corporate Governance Principles and Recommendations are an example of:

Discuss the reforms introduced into Australia as a result of CLERP 9.

Explain what corporate governance is:

Under the Sarbanes-Oxley Act which of the following reforms was introduced in the US:

Under the CLEPR 9 reforms relating to the conduct of auditors audit partners of listed companies must rotate off the audit after a period of:

The demise of ABC Learning Ltd was caused by: I failed international strategy; II poor acquisition strategy; III failure to maintain the fundamentals of the business; IV fraud and embezzlement.

Which of the following statements is correct about non-executive directors?

Which of the following statement is incorrect?

Which of the following statements is incorrect?

Outline the agency theory of corporate governance.

Which of the following is not an example of a hard regulation?

Which of the following bodies are key regulators of Australian businesses? I Australian Prudential Regulatory Authority; II Australian Competition and Consumer Commission; III Australian Securities Exchange; IV Australian Securities and Investments Commission.