Chapter 3 Corporate Governance Flashcards

1
Q

Who is the code compulsory for, and where

A

Premium company, regardless of whether in UK or overseas

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2
Q

Who are the code voluntary for

A

Standard and AIM

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3
Q

What are the 6 corporate governance principles?

A

Peanut Butter Bread On Rye Sourdough

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4
Q

Peanut

A

Purpose and Leadership

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5
Q

Butter

A

Board composition

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6
Q

Bread

A

Board responsibilities

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7
Q

On

A

Opportunity and Risk

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8
Q

Rye

A

Remuneration

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9
Q

Sourdough

A

Stakeholder relationships and engagement

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10
Q

If company hit ___criteria, they have to include corporate governance reporting

A

2000 employees, 200mil turnover

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11
Q

What is the stewardship code?

A

responsible allocation management and oversight of capital to create LT value

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12
Q

Is stewardship code compulsory? If so, for what firms

A

Voluntary. Except asset owners, managers, service providers

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13
Q

CISI 8 principles

A

Pak Chiu CHing Raj Pravin, Andre Respect Sergeant

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14
Q

Pak

A

Personal accountability

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15
Q

Chiu

A

client focus

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16
Q

Ching

A

Conflict of interest

17
Q

Raj

A

Respect for market participants

18
Q

Pravin

A

professional development

19
Q

Andre

A

aware of capabilities

20
Q

Respect

A

Respect others and environment

21
Q

Sergeant

A

Speak up and listen

22
Q

Who maintains the code?

A

FRC

23
Q

Who is stewardship code aimed at?

A

Institutional investors, shareholders

24
Q

Is inside information in the UK corporate governance code/

A

No. It is in the DTR

25
Q

Who does CISI apply to

A

CISI members only

26
Q

The UK corporate Governance Code is

A

Non-statutory