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45) The final step in designing a loan monitoring plan is to: Set specific and measurable risk triggers Identify which source of information will be
45) The final step in designing a loan monitoring plan is to: Set specific and measurable risk triggers Identify which source of information will be used to measure the risk triggers Agree the frequency of monitoring and monitoring responsibility Agree what action will be taken if an internal trigger is broken Single choice 46) The Board of Directors are still on their annual away day. They are discussing Corporate Governance. One NED explains the most severe penalties for failing to implement corporate governance are fines, imprisonment of Directors and ultimately the loss of reputation and the dissolution or bankruptcy of the organization. They are asked by another Board Member which violations are seen as gross and willful negligence which lead to fines of up to 5 million Saudi Riyals and imprisonment up to 5 years. Which of the following have they got wrong? Provision of false or misleading data in respect of the financial statements Failure to publish financial statements Misuse of authority, votes or company funds Failure to call a shareholder meeting when losses reach 501% of its capital Single choice 47) A sizeable organization is putting together a diagram to show investors how they organize governance and compliance. There is some debate as to who should be included on the diagram. Which of the following would you say is correct? General Counsel, The Company Secretary, Legal Secretaries Chief Compliance Officer, Compliance Team and the Accounts Team Chief Compliance Officer, General Counsel and the Internal Audit Team O Chief Compliance Officer, General Counsel, the Internal Audit Team and External Auditors
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