4 - Other governance issues

Question 1

Which system of governance has been adopted by the US?

Answer 1

Rules-based approach

Question 2

Which system of governance has been adopted by South Africa?

Answer 2

Principles-based approach
Apply and explain

Question 3

Why have different countries’ CG best practices developed in different ways?

Answer 3

To reflect their distinct legal systems and also the specific issues that they’re dealing with

Question 4

12 key CG issued faced by UK companies (4S, 2C, 2R, 2T, F, P)

Answer 4

• Stakeholder relations
• Social responsibility and sustainability
• Sexual harassment in the workplace
• Shareholder dialogue
• Composition of Boards
• Corporate culture
• Remuneration
• Risk management
• Tax planning
• Technology and information governance
• Financial reporting
• Performance of directors

Question 5

Acronym (sort of) for key CG issues faced by UK companies

Answer 5

4S, 2C, 2R, 2T, F, P