Question 1

The court decision that places a greater responsibility on the role of the chairman is:

Accepted Answer

A) Aberdeen Railway Co v.Blaikie Bros; 
B) Whitehouse v.Carlton Hotels Ltd; 
C) ASIC v.Adler; 
D) ASIC v.Rich & Ors. 
A) Aberdeen Railway Co v.Blaikie Bros; 
B) Whitehouse v.Carlton Hotels Ltd; 
C) ASIC v.Adler; 
D) ASIC v.Rich & Ors.

Question 2

Discuss the reforms introduced into the US as a result of the Sarbanes-Oxley Act.

Accepted Answer

The key elements of

Question 3

In relation to assessing the independence of non-executive directors,which of the following is not a requirement in the ASX Corporate Governance Council's independence test?
I is not a substantial shareholder;
II is not a material supplier or customer of the company;
III is free from any interest in any business that could be perceived to materially interfere with the director's ability to act in the best interests of the company;
IV has not previously been employed in an executive capacity by the company.

Accepted Answer

A) I and IV; 
B) I,II and III; 
C) II,III and IV; 
D) I,II,III and IV. 
A) I and IV; 
B) I,II and III; 
C) II,III and IV; 
D) I,II,III and IV.

Question 4

How many principles are contained within the ASX principles of corporate governance?

Accepted Answer

A) 7 principles 
B) 8 principles 
C) 10 principles 
D) 12 principles 
A) 7 principles 
B) 8 principles 
C) 10 principles 
D) 12 principles

Question 5

Stakeholder theory refers to:

Accepted Answer

A) providing value to all the company's stakeholders; 
B) the directors acting to ensure the best interest of the shareholders are being met; 
C) corporations providing value by combining the key factors of production in a manner that markets cannot; 
D) the directors existing to provide companies with the access to resources that they could not gain through market or management links. 
A) providing value to all the company's stakeholders; 
B) the directors acting to ensure the best interest of the shareholders are being met; 
C) corporations providing value by combining the key factors of production in a manner that markets cannot; 
D) the directors existing to provide companies with the access to resources that they could not gain through market or management links.

The court decision that places a greater responsibility on the role of the chairman is:

Discuss the reforms introduced into the US as a result of the Sarbanes-Oxley Act.

How many principles are contained within the ASX principles of corporate governance?

Stakeholder theory refers to:

Nature and Regulation of Companies

Financing Company Operations

Company Operations

Fair Value Measurement

Accounting for Company Income Tax

Property, Plant and Equipment

Leases

Intangible Assets

Business Combinations

Impairment of Assets

Disclosure: Legal Requirements and Accounting Polices

Disclosure: Presentation of Financial Statements

Disclosure: Statement of Cash Flows

Consolidation: Controlled Entities

Consolidation: Wholly Owned Subsidiaries

Consolidation: Intragroup Transactions

Consolidation: Non-Controlling Interest

Consolidation: Other Issues

Accounting for Investments in Associates

Insolvency and Liquidation

Filters

Exam 4: Fundamental Concepts of Corporate Governance

The court decision that places a greater responsibility on the role of the chairman is:

Discuss the reforms introduced into the US as a result of the Sarbanes-Oxley Act.

How many principles are contained within the ASX principles of corporate governance?

Stakeholder theory refers to:

Nature and Regulation of Companies

Financing Company Operations

Company Operations

Fair Value Measurement

Accounting for Company Income Tax

Property, Plant and Equipment

Leases

Intangible Assets

Business Combinations

Impairment of Assets

Disclosure: Legal Requirements and Accounting Polices

Disclosure: Presentation of Financial Statements

Disclosure: Statement of Cash Flows

Consolidation: Controlled Entities

Consolidation: Wholly Owned Subsidiaries

Consolidation: Intragroup Transactions

Consolidation: Non-Controlling Interest

Consolidation: Other Issues

Accounting for Investments in Associates

Insolvency and Liquidation

Filters