Names:

1. Lexine Chantel B. Shockey

2. Yanni Sumalinog
3. Fenna Garrido
4. Gabrielle Vapor
5. Karylle Go
6. Stella Mariz Cano
7. Richly Chin Yap
8. Carmel Rae Talimio
9. Angel Magallanes
10. Geisha Grace Espina
11. Denzel Uy
12. Andrea Grace Adana
13. Jela Soria
14. Mariane Bontigao
15. Karla Arpilleda
16. Von Ocampo
17. Charles Raotraot
18. Engelbert Parsomala
19. Elyza Beth Demaisip
20. Jay Mijares

Questions “DURING” the reporting:

1. What is the role of management in organizational governance?

● They are responsible for monitoring organizational risks, ensuring compliance with
regulations, and fostering a culture of integrity and ethical conduct within the
organization.

2. How do stakeholders contribute to organizational governance?

● Stakeholders contribute to organizational governance by delegating authority to the
board of directors and providing input on important decisions.

3. What is the purpose of including critical dates in a policy template?

● to provide clarity on the effective date, review date, and any revision dates of the policy.

4. What are the three tasks mentioned that management is responsible for in
organizational governance?
● Operating Process
● Financial Reporting Process
● Compliance Process

5. Is the CEO the owner of the company?

● It depends. In some cases, CEOs are the owners of a company. In others, CEOs are
elected by the board of directors.

6. From the mentioned responsibilities of a CDO, cite 2 of them.

● Developing and sustaining solid relationships with company stakeholders and
customers.
● Analyzing customer feedback data to determine whether customers are satisfied with
company products and services.
● Recruiting, training, and guiding business development staff.
● Providing insight into product development and competitive positioning.
● Analyzing financial data and developing effective strategies to reduce business costs
and increase company profits.
● Conducting market research to identify new business opportunities.
● Collaborating with company executives to determine the most viable, cost-effective
approach to pursue new business opportunities.
● Meeting with potential investors to present company offerings and negotiate business
deals.

7. What are the four broad risk categories?

● Compliance Risk
● Operational Risk
● Reputational Risk
● Strategic Risk

8. Among the roles of the internal audit, which role enables them to make sure that
the controls are established to address organizational risk?
● Providing assurance regarding controls

9. How important is the audit committee in a company?

● They hold the board and the organization accountable in almost every area, from
internal and external audits to financial and risk management

10. Cite at least 2 21st-century governance principles in US public companies.

● Interaction
● Board Purpose
● Board Responsibilities
● Independence
● Expertise
● Meetings and Information
● Leadership
 ● Disclosure
● Committees
● Internal Audit

Questions “AFTER” the reporting:

11. Are a CEO and a CFO the Same Thing?

● No, a CEO and a CFO are not the same thing. However, CFOs are required to work
closely with the other senior executives of a company, such as the CEO.

12. What is a reputational risk?

● Any element that could harm the organization's brand image, recognition, standing and
value among its employees, shareholders, customers and the public at large.

13. What are the roles of an internal audit?

● Risk management
● Providing assurance regarding controls
● Compliance
● Consulting and operations

14. What are the responsibilities of an audit committee?

● Monitoring the financial reporting process
● Oversee the internal control system
● Oversee the internal and independent public accounting functions

15. What differs internal audit from audit committee?

● The audit committee is a sub-committee of the board of directors that focuses on
overseeing financial reports, while internal audit is a function within the organization that
conducts independent assessments of internal controls, risk management, and
governance processes.

16. What do the 21st century governance principles in us public companies

emphasize?
● They emphasize ethical leadership, diversity and inclusion, environmental responsibility,
and agile risk management as essential components of effective governance.

17. Is the compliance process in organizational governance essential? Why?

● YES, It is essential across industries, it covers areas like data privacy and safety
regulations such that it involves monitoring and organizing activities to ensure
compliance with legal and industry standards.
18. Why does the management conduct risk assessment?
● Management conducts risk assessments to identify compliance risks and implements
controls to manage them effectively.

19. Why is it important to define technical terms, acronyms, or abbreviations in

organizational policies?
● To ensure clarity and understanding among stakeholders. Defining these terms helps to
avoid confusion or misinterpretation, ensuring that everyone comprehends the policy's
content accurately.

20. What is the purpose of outlining responsibilities in organizational policy

procedures? (U CAN CHOOSE ONLY 1)
● Clearly define accountability for specific tasks, actions, or decisions.
● Ensure transparency in the implementation of the policy.
● Facilitate effective coordination and collaboration among stakeholders.
● Provide clarity on roles and expectations within the organization.