1
Q
advisory is not that effective
A
2
Q
what is the purpose of the board of directors
A
to serve as a key corporate governance mechansim!
3
Q
The dual mandate of the board is served by 1 board in COMMON LAW PLACES
A
UK + its colonized lands
4
Q
When are their two boards
advisory + supervisory boards
are in civil law nations
A
China, Quebec, most of europe
5
Q
As per dodd frank
A
if ceo = chair of board, you need an independant chair as well
6
Q
what is the dual purpose of the bod
A
to serve corp and sharehodlers (Advise + monitor execs)
7
Q
SOX key provisions
A
- audit committess must be fully independant
- external auditors are needed
- nonauditor services cant be provided
- criminal to misreprest finances
- whistleblower protections
8
Q
canada governance system
A
- mandatory independance of audit committees
- voluntary guidelines of manjority independant directors, and ideally nomnationg and comp committees
9
Q
independnat director
A
non-executive board member with no material, financial, or familial ties to the company, its management, or major shareholders
directors not wokring for mgmt of corporation
10
Q
A
