b

10. Contrary to a certain trend toward smaller Board of Directors, it is preferable to have larger ones in order to multiply their chances to come up with wiser govomance solutions especially in the face of an increasing complex corporate issues over the years. True False 11. Conflicts are generally unavoidable however conflict of interest are impossible to totally eliminate. True False 12. Utilitarianism is a non-consequentialist approach to ethics. True False 13. When a manager suddenly sells a substantial amount of his/her stocks, this should be considered a serious warning sign of potential fraud. True False 14. With the growing attention to the internal audit function in recent decades, the position of Chief Financial Officer (CFO) has also taken center stage among the other operational functions. True False 15. Members of the Board of Directors are also called executive directors. True False 16. A Nomination Committee is particular in that it depends exclusively on the CEO. True False 17. The agency problem is a conflict of interest that generally does exist between shareholders and CEOs overs the way to direct corporations, True False a 18. It is crucial for board members to be financially literate to efficiently and effectively oversee a company's activities and make the best decisions. True False 19. External auditors are sent by the organization to scan its extemal environment. True False 20. More often than not, fighting against corporate fraud is really an epic battle against human nature. True False 1. Please answer by true or false? 1. Expertise of board members in the company's particular industry is not mandatory to fulfill their duties in the most efficient manner. True False 2. Standing committees of the Board of Directors are different from Ad Hoc ones in that the latter are created temporarily with a specific missions. True False 3. Though its overall mission is to oversee the CEO and his/her team, the Board of Directors needs itself a formal performance review in order to reinforce its own governance as well as continuous improvements. True False 4. The CEO is responsible to develop a vision which could at time be at odd with that of the Board of Directors. True False 5. The Chairman of the Board is technically higher in hierarchy than the CEO who is nonetheless responsible for making operational decisions in the company. True False 6. In many companies the CEO is also the Chairman of the Board of Directors but this is not good corporate governance because of conflict of interest. True False 7. The effectiveness of a Board of Directors is not correlated to the number of Directors but rather exclusively to how those Directors handle complex issues at hand. True False 8. It is the management's role but not exclusively, to make sure that employees are treated day by day in compliance with all labor regulations. True False 9. Monitoring products and services quality: this falls under responsibility of the Board of Directors relatively to their duties toward the company's customers. True False