Professional Documents
Culture Documents
Quiz 5
Quiz 5
Frage 1
Richtig
Pay-performance-sensitivity (PPS) proposals are used by shareholders when PPS proposals are used by shareholders when CEOs are
excessively paid, or managers use their power to manage discretionary accruals in their favor. High PPS values increase SOP voting dissent,
and intense shareholder oversight.
a. True
b. False
Frage 2
Richtig
Which one of the following statements about differences between Chairman and CEO is incorrect?
a. Chairmen carry the authority of the board, while CEOs carry the authority delegated to them by the board.
b. Chairmen exercise their authority on behalf of the board, CEOs have personal authority in line with the terms of their appointment.
c. The chairmen’s role includes ensuring the board’s activities are carried out with due diligence and information is provided to directors
on a timely basis.
d. The CEO is responsible to the board for overall strategy and investment, and for managing day-to-day affairs
e. Governance codes typically recommend that chairman and CEO be assumed by the same individual.
Die richtige Antwort ist: Governance codes typically recommend that chairman and CEO be assumed by the same individual.
Frage 3
Richtig
a. It is often difficult to identify the important information in the current directors' remuneration reports.
b. The complexity of directors' pay makes it hard to disentangle what executives are earning and to judge whether this is appropriate.
c. The quality of disclosure is sufficient, but time consuming
d. Only A and B are correct
e. All answers are correct
Frage 4
Richtig
Boards usually appoint executive committees as well as specialized committees to assist with appointments (……), internal control and
reviewing financial reporting quality (……), remuneration decisions (……).
Die richtige Antwort ist: nomination committee, audit committee, remuneration committee
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