40) They then turn to think about succession planning. Which argument do you think does not represent succession being a part of good corporate governance? A succession plan gives us clear selection criteria for the next generation of family members leading the business Succession planning helps us to preserve the values of the company, our reputation and brand O Family businesses do not need a succession plan. It is obvious the next generation are the succession O A succession plan will help the transition to the next generation in a progressive and non-disruptive manner Single choice 41) What is the best definition of company values? Moral principles that govern the conducting of an activity The essence of the organization's identity, summarizing the purpose of their existence O A declaration that informs all stakeholders, including customers and employees, about top priorities and core beliefs The collection of rules and processes through which an organization is directed and controlled Single choice 42) Which of these roles is not seen as a "management role"? Finance Director IT Director Marketing Director O Chief Information Officer