10) The investor decides to invest money into the organization based on the company taking on its governance recommendations. They have the first Board meeting with the new Chairman and Non-Executives. Which of the following scenarios would NOT demonstrate an effectively working Board? The Chairman runs through the agenda, a declaration of interest is made by a new NED who then cannot vote on an important decision When the Chairman gets to strategic initiatives, the CEO presents on some ideas to increase short term productivity. The NEDS disagree strongly and there is a debate about being too short-term. The Chairman gets to the Finance report, unfortunately the CFO has been unwell so they have to get a member from the finance team in to make his presentation. The Chairman runs through the agenda and the new Non-Executives get briefed on issued by the CEO. The new NEDS listen carefully. The meeting finishes 30 minutes early. Single choice 11) The profitability of an industry is affected by all of the following, except: The ability of the suppliers of raw materials to the industry to negotiate better commercial terms for themselves Increasing mergers among industry players or acquisition of competitors The availability of alternate products that resemble (or closely serve the purpose of) the industry's products at a similar price O All of the above Single choice 12) Which of the following is not an appropriate response to a covenant breach? Waive the covenant and thereby cure the breach Amend the covenant and thereby cure the breach Call an Event of Default and accelerate repayment of the loan O Ignore the breach of covenant until the annual review date of the facility