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AGRC International Certified Corporate Governance Officer Sample Questions:

1. In the context of conflicts of interest, a member of the board of directors is allowed to have a direct or indirect interest in the business and contracts conducted on behalf of the company, provided that:

A) An annual license is obtained from the General Assembly.
B) An annual license is obtained from the Chairman of the board of directors.
C) An annual license is obtained from the board of directors.

2. There are many company obligations when receiving reports of violations, such as:

A) Preserving all reports.
B) None of the above.
C) Preserving all evidence.

3. The Sarbanes-Oxley Act was issued by the U.S. government, and one of its positive effects is:

A) Protecting shareholders from the transgressions of the board of directors.
B) Reducing risks when detecting violations at the appropriate time.
C) Enhancing the role of management and external auditors in the process of preparing financial statements.

4. Best practices generally indicate that the optimal number for forming the board of directors in family companies is:

A) ranging from 5 to 9 members
B) ranging from 3 to 7 members
C) ranging from 7 to 9 members

5. There are several differences between governance and management, and it can be said that:

A) The board of directors makes its decisions individually.
B) All of the above.
C) Executives and managers make their decisions individually.

Solutions: