on The Organisation for Economic Cooperation and Development has laid down the following Principles of Corporate Governance: Ensuring basis for Effective Corporate Governance Framework: The corporate governance framework should promote transparent and efficient markets, be consistent withlaw and clearly articulate the division of responsibilities among different supervisory, regulatory and enforcement authorities.(i) Rights of shareholders: The corporate governance framework should protect shareholders and facilitate their rights in the company. Companies should generate investment returns(dividend) for the risk capital invested by the shareholders. (i) Equitable treatment of shareholders: All shareholders should be treated equitably (fairly). Shareholders should have to be redressed when their rights are contravened or when they are oppressed by the majority. (iv) Role of Stakeholders: The corporate governance framework should recognize the legal rights of its stakeholders and facilitate cooperation with them in order to create wealth, employment and sustainable enterprises.(v) Disclosure and transparency: Companies should make relevant, timely disclosures on matters affecting financial performance, management and ownership of the business, (vi) Responsibilities of the Board of directors: The board of directors should set the direction of the company and monitor management so that the company achieves its objectives. The corporate governance framework should underpin the board's accountability to its members. 41 Corporate governance promotes ut of a, all of the options b. accountability c. fairness d. transparency 42 ut of The principle of stresses that the corporate governance framework of a company should facilitate cooperation with the stakeholders. a. Role of Stakeholders b. Responsibilities of Board of directors c. Rights of Shareholders d. Equitable treatment of shareholders 43 The principle of enterprises stresses that the corporate governance framework of a company should create wealth, employment and sustainable ut of a. Rights of Shareholders b. Responsibilities of Board of directors c. Role of Stakeholders d. Equitable treatment of shareholders 44 ut of When a company fails to follow corporate governance standards, then a, it will flourish in the future b. it will plunge into failure c. it will be able to build long-term shareholder value d. the Government will exempt it from taxes 45 The corporate governance framework of a company should the shareholders and facilitate their rights, ut of a discourage b.reject c. penalise d. protect 46 ut of The principle of stresses that the corporate governance framework of a company should facilitate the shareholders' rights in the company. a. Role of Stakeholders b. Rights of Shareholders C. Responsibilities of Board of directors d. Ensuring effective Corporate Governance Framework 47 of a company should make careful use of their voting powers. The international code of corporate governance urges that a. Shareholders b. Debenture holders c. Executive officers d. Citizens 48 ut of if a company does not create wealth for its shareholders, then it has violated the Principle of a. Role of Stakeholders b. Rights of Shareholders c. Equitable treatment of shareholders d. Responsibilities of Board of directors 49 ut of If a company paid dividend to its majority shareholders ignoring its minority shareholders, then it has violated the Principle of a. Rights of Shareholders b. Responsibilities of Board of directors c. Equitable treatment of shareholders d. Disclosure and Transparency 50 of a company are responsible for conducting internal control reviews ut of As per the International Codes of Corporate Governance, the a. Creditors b. Board of directors c. Supervisors d. Policemen