Development of Corporate Governance Code:

 
1. How the CG codes have been driven?
Ans: The corporate governance codes have been driven by a financial scandal,
corporate collapse or similar crisis.
2. What does legal background mean?
Ans: common law and civil law.
3. What does cultural & political contexts mean? 
Ans: Democracy and communism
4. What do you mean by business forms in CG practice?
Ans: public corporations compared to family-owned firms.
5. For what issues the CG codes has driven?
Ans: The corporate governance codes has issued by a variety of bodies
ranging from committees, through to stock exchange bodies, representative
group and professional bodies.
6. Cadbury Report ------, Chaired by-------------, known as Cadbury report.
Ans: 1992, Ans: Sir Adrian Cadbury 
7. What is the main recommendation of Cadbury report?
Ans: a Code of Best practice with which the boards of all listed companies
registered in the uk should comply and utilised a comply or explain
mechanism
8. When did the Greenbury Report set out?
Ans: In 1995
9. What was the main concern of Greenbury Report?
Ans: About both the size of directors’ remuneration packages, and their
inconsistent and incomplete disclosure in companies’ annual reports.
10. What was the main purpose of the Greenbury Report?
Ans: Disclosure of directors’ remuneration packages.
11. The adoption of performance measures linking rewards to the performance of
both the company and individual directors is discussed in------------------ report.
Ans: Greenbury Report (1995)
12. When did the Hample Report set up?
Ans: In 1995.
13. When the Hample report committee did reported their report?
Ans: The Hampel Committee reported in 1998.
14. Why did Hample report set up?
Ans: to review the implementation of the Cadbury and GreenburyCommittee
recommendations.
15. The Hample report stated that-----------------------.
Ans: 1) ‘The directors as a board are responsible for relations with
stakeholders; but they are accountable to the shareholders.
2) also state that ‘directors can meet their legal duties to shareholders, and can
pursue the objective of long-term shareholder value successfully, only by
developing and sustaining these stakeholder relationships’.
16. The involvement of institutional investors & their roles are discussed in
-------------.
Ans: In Hampel Report (1998)
17. Who did chair the Turnbull Committee Report?
Ans: chaired by Nigel Turnbull
18. Who established this committee?
Ans: The institute of Chartered Accounts in England and Wales (ICAEW).
19. Which report of CG code does ensure the internal control system & its
effectiveness?
Ans: The Turnbull Report
20. Who was chaired the Higgs Review?
Ans: chaired by Derek Higgs,
21. The reporting period of Higgs Report is-------.
Ans: January 2003
 
22. The Higgs review discussed about----------.
Ans: on the role and effectiveness of non-executive directors
23. Non-executive directors should met as a group ------------- without the presence
of ---------
Ans: at least once a year, Ans: executive directors
24. Board members should evaluated ------------according to Higgs Report.
Ans: at least once a year,
25. I n which report the role of audit committee is discussed?
Ans: Smith (2003) 
26. Audit committee is appointed by--------------.
Ans: appointed by the FRC
27. OECD refers to ----------------------
Ans: Organization for Economic Cooperation and Development
(OECD)When did OECD publish?
28. When did OECD published?
Ans: Principles of Corporate Governance in 1999
29. What does OECD recognize?
 Ans: The OECD recognizes that ‘one size does not fit all’
30. When did the OECD principles revise?
Ans: The OECD Principles were reviewed and revised in 2004
31. What is the CG code for banking organization?
Ans: Basle Committee (1999).
32. How many sound CG principles comprised in 2006 Basle committee issue?
Ans: eight sound corporate governance principles.
33. The principle of the board’s overall responsibilities, board qualifications are
discussed in------------------.
Ans: The Basle Committee (1999)
34. Compensation committee identified ------ principles relating to the board.
Ans: two Principles
35. Disclosure & transparency principles covers---------------------------------.
Ans: Principle for Enhancing Corporate Governance (2010).
36. How many principles covered in Principles for enhancing CG Codes 2010?
Ans: Fourteen Principles
37. “The bank should govern in a transparent manner”-which principle includes this
in Basel Committee guidance-2006? 
Ans: Principle 7
38. NGO refers to ----------------.
Ans: Non-Governmental Organizations
39. Board diversity is discussed on -------------------------.
Ans: Davies reports.
40. Recruitment & development of non-executive directors is discussed on
------------------.
Ans:  Tyson reports.