It is a business entity that is owned by its shareholders, who elect a board of directors to oversee the organization's activities.

It is a set of principles and values that guide decision- making and behavior within an organization.

________:Financial reports and statements must certify that the documents have been reviewed by signing officers and passed internal controls within the last 90 days; Section 401: Financial statements should also reflect disclosures of any off-balance liabilities, transactions, or obligations

__________; pay correct taxes and follow the regulations & laws; Local Communities; employ large numbers of local people

What is the maximum number of * directorships that non-executive directors of the Board may hold concurrently as directors of five publicly traded companies under SEC Corporate Governance?

SOC ;_______ OECD ; Principle and SEC Corporate Governance: comply-based approach

Chairman:__________ CEO: head of the management

SEC: Securities and Exchange Commission; OECD:______

_________: refrain from disclosing any of this information to outside parties; Professional Behavior: perform tasks and responsibilities with an eye to the highest personal and professional standards

A theory that managers, left on their own, will act as responsible stewards of the assets they control, and describes the existence of a strong relationship between satisfaction and organizational success.

A distribution, display or discussion of any written or graphic material that is sexual in nature and offensive

Any individual, organization, or society at large who can either affect and/or be affected by the company's strategies, policies, business decisions, and operations in general.

Determines the corporation's strategic direction and formulates and implements its strategic plan on the direction of the business;

The Board's independent directors should serve for a maximum cumulative term of____ years.

The Securities and Exchange Commission issued________ advising the public of the adoption of the Code of Corporate Governance for Public Companies and Registered Issuers.

It is one of the characteristics of good governance that requires consultation to understand the different interests of stakeholders to reach a broad consensus of what is in the best interest of the entire stakeholder group.

He signed the Sarbanes Oxley Act last July 30, 2002.

How many principles are there in * 1 point SEC Code of Corporate Governance?

It is a group of corporations that has diversified business activities in varied industries, whereby the operations of such businesses are controlled and managed by a parent corporate entity.

It is a business entity that is owned by its shareholder(s), who elect a board of directors to oversee the organization's activities.

Which of the following is NOT a principle of the Code of Ethics in Accounting?

The Board should establish an________ to ensure constant engagement with its shareholders.

Every company is allowed to appoint the same person to hold President and Secretary or President and Treasurer at the same time.

Physical Sexual Harassment: unwanted touching, patting, or hugging; _______; Using unwelcome 'pet' names, such as "honey", "doll", "babe", "princess", etc

The internal audit shall examine the validity of financial records to find out if there is any mistatement in the company's records because of fraud ,error,or embezzlement.So, it increases the authenticity and credibility of financial Statements as the financial statements of the company

Which of the following is not correct?

it is responsible for overseeing the senior Management in establishing and maintaining an adequate, effective and efficient internal control framework.they monitor the management 's responsiveness to the Auditors' finding and recommendations.

these are the actions of the corporation as well as actions of corporate officers and employees that are contrary to prevailing laws and government regulations.

it generally deals with norms and values,with questions of what is right and what is good, what one ought to do and ought not to do,and what is a good person or life

Business Ethics is a broad discipline that attempt to address improper attitudes and actions that could be detrimental to the company

The Agency Theory states that managers are monitoring the agents(board/executives) if they are doing their jobs well

The independent Director shall have atleast 3 directors or atleast 1/3 of total number of the board, whichever is higher

The company should have a policy requiring all directors and officers to disclose/report to the company any dealing in the company's shares within five business days.

Unethical Acts in Marketing:Advertising;__________:Buay materials of the employing organizing at a high purchase cost in his /her trading

Principles:high level statement of corporate governance good Practices;_____________:specific features of corporate governance good Practices

Committe boards should have their own committee Charter stating in plain terms their perspective purposes,membership, structure operations, reporting processes, resources,and other relevant information

The board should composed of a majority of executive directors who possess the necessary qualifications to effectively participate and help secure objective,independent judgment on corporate affairs and substantiate proper checks and balances.

Stakeholder Theory takes account of a wider group of constituents rather than focusing on shareholders

The company should treat all shareholders fairly and equitably and also recognize protect and facilitate the exercise of their rights

Unitary Board:single board comprises both executive and mon- executive;Dual Board:_________