Corporate Governance Flashcards
Corporate Governance
What is the primary duty of the board of directors?
Corporate Governance
What is the responsibility of the Nominating or Corporate Governance Committee of the board of directors?
Corporate Governance
What is the responsibility of the audit committee of the board of directors?
Corporate Governance
What is the duty of the compensation committee of the board of directors?
Corporate Governance
What does the NYSE and NASDAQ require of the board of directors?
Corporate Governance
What is the main goal in an executive compensation package?
Corporate Governance
How can an executive compensation package ensure that goals of management align with those of shareholders?
Corporate Governance
Which influences help mold the direction that management takes?
Corporate Governance
What is shirking?
Corporate Governance
What requirements are imposed on a public company under Sarbanes-Oxley?
Corporate Governance
What characteristics are promoted by the COSO framework on Internal Control?
Corporate Governance
What are the elements of the control environment?
Corporate Governance
What are control activities?
Corporate Governance
What are the basic elements of Internal Control?
Corporate Governance
What is the significance of the Information and Communication aspect of Internal Control?
