compliance culture can be promoted through the establishment of a centralized:

Select one:

A. Chief executive officer.

B. Chief governance officer.

C. Chief compliance officer.

D. Board of directors.

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Companies need ethics and business programs in order to effectively and efficiently perform which of the following functions?

Select one:

A. Diversify personnel services.

B. Satisfy the expectations of the public and their stakeholders.

C. Comply with applicable laws, regulations, rules, standards, and guidelines

D. All of the above.

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The dominant view is that the executives have considerable influence over the design and amount of their own pay, which enables them to extract rents.

Select one:

True

False

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All of the following are responsibilities of the audit committee except:

Select one:

A. Overseeing the financial reporting process and internal controls.

B. Hiring, firing, compensating, and overseeing the audit work of external auditors.

C. Ensuring the company meets or exceeds estimated quarterly earnings.

D. Pre-approving all services provided by the independent auditor to the company or its subsidiaries.

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Which of the following is a function of the nominating committee?

Select one:

A. Reviewing the performance of external auditors and assisting in the implementation of the audit plan.

B. Reviewing the performance of current directors and assessing the need for new directors.

C. Establishing methods and procedures for implementation of a whistleblower program.

D. All of the above.

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Which of the following would be considered a key feature of an effective succession plan?

Select one:

A. CEO input, involvement, and collaboration as appropriate without dominating the committee.

B. Easily executable and adaptable procedure in the event of a crisis, aimed at finding the right leader at the right time.

C. The development of talent pools at lower levels.

D. All of the above.

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Employee performance of an assigned job should be compensated through:

Select one:

A. Salary-based pay.

B. Stock ownership to encourage employees to devote and retain these skills in the company.

C. Stock options.

D. Fringe benefits.

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There is no globally accepted corporate governance structure

Select one:

True

False

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The relationship between public companies and shareholders, creditors, auditors, etc. is:

Select one:

A. Marital.

B. Contractual.

C. Legally nonbinding.

D. There is no relationship.

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The primary mission of public companies is regarded as:

Select one:

A. Reporting increasing revenues.

B. Decreasing unemployment rates.

C. Creating sustainable and enduring value.

D. Decreasing costs.