CCM Corporate Governance and Ethical Standards 1

Question 1

What is the main goal of corporate governance?

Accepted Answer

Enhance shareholder and stakeholder trust

Answer

Maximize executive bonuses

Answer

Reduce marketing costs

Answer

Avoid government oversight

Question 2

Which document outlines a company’s commitment to ethical practices?

Accepted Answer

Code of conduct

Answer

Strategic plan

Answer

Marketing manual

Answer

Job description

Question 3

What is the board of directors primarily responsible for?

Accepted Answer

Providing oversight and governance

Answer

Developing marketing campaigns

Answer

Hiring junior employees

Answer

Managing daily operations

Question 4

Which of the following is considered a breach of ethical standards in a corporate setting?

Accepted Answer

Using insider information for personal gain

Answer

Following procurement policies

Answer

Reporting misconduct

Answer

Providing stakeholder updates

Question 5

Why are whistleblower protections important?

Accepted Answer

They protect reporting individuals from retaliation

Answer

They reduce staff turnover

Answer

They promote risk-taking in leadership

Answer

They increase shareholder profits

Question 6

Which ethical principle promotes fairness in decision-making?

Accepted Answer

Justice

Answer

Loyalty

Answer

Profitability

Answer

Confidentiality