M2S1 Corporate Governance 🏛️ 1

Question 1

Corporate Governance means..

Answer 1

Business Leadership

Question 2

Controls or governs a certain business or corporation.

Answer 2

Corporate Governance

Question 3

Corporate Governance is facilitated by the ____________________________

Answer 3

Board of directors or the management.

Question 4

Good Governance pertains to three things

Answer 4

• Compliance - Government
• Ethical - Corporate Social Responsibility
• Accountability

Question 5

Philippine Corporation Code is also known as

Answer 5

Republic Act 11232 Revised Corporation Code of the Philippines

Question 6

GOCC

Answer 6

Government Owned and Controlled Corporation

Question 7

Corporate rules in the Philippines

Answer 7

Philippine Corporation Code

Question 8

Give the three Government Corporations

Answer 8

GSIS Government Service Insurance System
SSS Social Security System
PAG-IBIG Home Development Mutual Fund

Question 8

Why are GOCCs considered a corporation?

Answer 8

Because they earn profit.

Question 9

GSIS

Answer 9

Government Service Insurance System

Question 10

A corporation is owned and managed by _______________

Answer 10

BOD/BOT
Stockholders

Question 11

A GOCC is owned and managed by _______________

Answer 11

Appointees
Government

Question 12

Proof of ownership in a corporation

Answer 12

Stocks
Corporate Bonds

Question 13

Issued to the owners of a company to formally document their ownership of the company.

Answer 13

Certificate of Ownership

Question 13

Proof of ownership in a GOCC

Answer 13

Treasury Bonds

Question 14

A____________ is a security that represents a debt owed by the corporation

Answer 14

bond

Question 15

Key Players In Corporate Governance

Answer 15

Chairman of the Board
CEO
Board of Directors

Question 16

Board Size __________ directors, each owning at least one share.

Answer 16

OPC or 2 To 15 directors

Question 17

• Decision making
• Long term planning
• Protect the interest of the stockholders
• Monitors the performance of the management

Answer 17

BOD

Question 18

• Day to day operation
• Offer incentives

Answer 18

Management

Question 19

Has the last say and majority of ownership

Answer 19

Chairman of the Board

Question 20

Balances the interest of the BOD and the management.

Answer 20

CEO

Question 21

• Groups affected by the company, like employees and suppliers.

Answer 21

Stakeholders

Question 22

• Owners focused on increasing stock price.

Answer 22

Shareholders

Question 23

Director Types/Categories

Answer 23

Independent, non-executive, and executive

Question 24

What are the four Functions of the Board?

Answer 24

Accountability

Monitoring

Policy Setting

Strategy Formulation

Question 25

• The board is responsible to shareholders and stakeholders for the organization’s success.

Answer 25

Accountability

Question 26

• The board oversees management using financial metrics like sales and net income.

Answer 26

Monitoring

Question 27

• The board creates policies and procedures for management to follow.

Answer 27

Policy Setting

Question 28

• The board develops strategies to achieve the company’s vision and mission

Answer 28

Strategy Formulation