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Read each transaction carefuly and determine which among them have complied with our principles and standards under the Philippine Code of Corporate Governance and Corporation

image text in transcribed Read each transaction carefuly and determine which among them have complied with our principles and standards under the Philippine Code of Corporate Governance and Corporation Code of the Philippines. If you deem a transaction as non-complian. You will then provide your bases or justification for your answer. If compliant.. Write Complied you are not required anymore to provide your bases or justification. 1. The BOD of LKJ Company had been eying on Ms. Maris, the retiring COA Chairman, as their incoming External Auditor. Ms. Maris has been known for his integrity and professionalism the field of auditing in the Philippines. A week after his retirement from public service, Ms. Maris has been appointed as external director of the BOD of L.KL. 2. On July 20,2022, the BOD and Senior Management of YUI Corporation entered into a contract with JGH Energy Corporation for the acquisition and construction of a COAL Fired Power Plant inside its production compound at a discounted price that is available only during the month of July 2022. This was shareholder financial matter consultation as it was more of a thus making it an internal concern. 3. The Finance Department Manager came up with a speedy solution to the slow production of required financial reports in the company. He has authorized all BSA graduates (non CPAs) to help create the required financial reports even without the guidance/supervision of a CPA. 4. After the meeting with the BOD and Senior Management, the Chief Risk Officer has developed an Enterprise Risk Management system that will help detect and resolve risks issues in the company. After a week testing and evaluation of the system, the CRO decided to fully implement it under his direct supervision. 5. The decided to the company's 5-year-old BOD has subject all of passenger maintenance even if it will busses to quarterly inspections. This was done reduce the annual profits for this operating year

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