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Question 1 Which of the following are key corporate factors driving the need for better governance? Selectwhich options are correct. A the growth in shareholder

Question 1

Which of the following are key corporate factors driving the need for better governance? Selectwhich options are correct.

Athe growth in shareholder activism

Bthe requirement to access lower-cost debt and equity finance

Chigher levels of individual taxation dissuading potential shareholders

Dincreasing competition making high levels of performance harder to achieve

Question 2

Which of the following is an important concern in the OECD Principles of Corporate Governance (2015)?

Adirectors' rights

Bregulators' rights

Cshareholders' rights

Dtriple bottom line accounting

Question 3

Congress passed the Sarbanes-Oxley Act of 2002 to:

a. Enhance the burden of financial reporting.

b. Establish a new regime of investor protection.

c. Increase the workload of auditors of public companies.

d. Provide more protection to the managers of public companies.

Question 4

Which of the following does not effectively characterize the post-SOX era:

a.A change in the regulatory framework for the auditing profession through the establishment of the PCAOB.

b.The move toward more transparent and timely financial reports.

c.A redefining of roles and responsibilities of those who are directly or indirectly involved in the financial reporting process.

d.The reduction of the importance and role of ethics within publicly traded companies.

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