General Management

Question 1

What is a Corporate Governance and king report respectively?

Answer 1

A set of rules and processes used by the top management in directing and controlling the business and the king report is a guideline by the Corporate Governance over how business should act and conducting business in an ethical and sustainable way

Question 2

What do the 4 King’s reports focus on?

Answer 2

King On the triple bottom line /integrated reporting
King II-the 7 principles of good corporate governance
King III-Directors specifically
King the governing body (GB)

Question 3

Name the 7 principles of good corporate governance

Answer 3

1. Transparency
2. Accountability
   3.Independence
   4.Discipline
   5.Social responsibility
   6.Fairness
   7.Responsiblity of directotrs

Question 4

The 3 different disciples that can occur

Answer 4

1. Self-discipline
   2.Market-disciple
   3.Regulator disipline

Question 5

The 4 board outcomes

Answer 5

1.Ethical culture
2.Good performance
3.Adequate and effective control
4.Trust and good reputation