7.1 The governing body and strategy

Question 1

Effective governance is demonstrated through a governance structure within an organisation which is _____________ for it as an organisation at this moment in its evolution.”

Answer 1

appropriate

Question 2

“Strategy is a fundamental part of governance but governance is also a fundamental part of _____________.”

Answer 2

strategy

Question 3

Operational management involves responsibility and accountability for the _________ of ___________.

Answer 3

delivery of process

Question 4

As with so much of governance there is no one right answer. It is incumbent upon organisations to establish an effective ________ of governance and operational control to meet its own particular strategic objective.

Answer 4

matrix

Question 5

The triangulation of strategy, risk and control requires directors to step back from the internet world of immediacy to reflect, consider, debate and challenge what is actually happening in their organisation and the strategic _______________ required.

Answer 5

changes

Question 6

Which of the following core governance structures is based on shareholder (rather than stakeholder) value?

1) Monistic
2) Dualistic
3) Pluralistic

Answer 6

Monistic

Question 7

Stakeholders can be classified into Internal, Market and External. Who are the “market” stakeholders?

Answer 7

Suppliers and customers - those with a direct trading relationship with the business.

Question 8

“Effective governance is demonstrated through a governance structure within an organisation which is appropriate for it as an organisation, at this moment in its evolution and for the foreseeable ______, within the expectations of its ____________.

Answer 8

future

shareholders