Question 1

Which of the following refers to the minimum qualification of a director?

Response: Owner of at least one (1) share
Correct answer: Owner of at least one (1) share
Score: 1 out of 1 Yes

Question 2
It refers to a director who is at the same time appointed to head a department or unit
within the corporate organization.
Response: Executive directors
Correct answer: Executive directors
Score: 1 out of 1 Yes

Question 3
It is a characteristic of corporate governance wherein decisions are taken, and their
enforcement is done in a manner that follows the rules and regulations.
Response: Transparency
Correct answer: Transparency
Score: 1 out of 1 Yes

Question 4
It is a characteristic of good governance wherein the company process and
organization produce results that meet needs while making the best use of resources.
Response: Effectiveness and efficiency
Correct answer: Effectiveness and efficiency
Score: 1 out of 1 Yes

Question 5
It is a characteristic of good governance wherein the organization mediates differing
interest to reach an agreement on what is in the best interests of the group, and where
possible, on policies and procedures.
Response: Consensus-oriented
Correct answer: Consensus-oriented
Score: 1 out of 1 Yes

Question 6

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 These are objective criteria that are intended to identify the specific features of
corporate governance good practice that are recommended for companies operating
according to the Code.
Response: Recommendations
Correct answer: Recommendations
Score: 1 out of 1 Yes

Question 7
It is a characteristic of good governance wherein all men and women have a voice in
decision-making, either directly or through a legitimate intermediate organization that
represents their interest.
Response: Participation
Correct answer: Participation
Score: 1 out of 1 Yes

Question 8
These are high-level statements of corporate governance good practice that applies to
all companies.
Response: Principles
Correct answer: Principles
Score: 1 out of 1 Yes

Question 9
It is a characteristic of good governance wherein its members feel they have a stake in
the organization and do not feel excluded.
Response: Equity and inclusiveness
Correct answer: Equity and inclusiveness
Score: 1 out of 1 Yes

Question 10
These are the governing body elected by the stockholders that exercises the corporate
powers of a corporation, conducts all its business and control its properties.
Response: Board of directors
Correct answer: Board of directors
Score: 1 out of 1

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