The hand-of-government refers to the
Answer: Role Of Corporations To Be Profitable Within The Law
An organisation's obligation to act to protect and improve society's welfare as well as its own interests is referred to as
Answer: Organisational Social Responsibility
Managerial ethics can be characterised by all of the following levels except
Answer: Demoral Management
Which of the following is not one the underlying principles of the corporate governance Combined Code of Practice?
A company may become insolvent if it
Answer: cannot pay creditors in full after realisation of its assets
Fraudulent trading may be
Answer: a civil and a criminal offence committed by any employee
Disqualification of directors may result from breaches under the
Answer: Companies Act 2006 and Insolvency Act 1986
Directors may not be disqualified for
Answer: being convicted of drunken driving
Which of the following actions will not help directors to protect themselves from non-compliance with their obligations and responsibilities?
Answer: including a disclaimer clause in their service contracts
The OECD argues that corporate governance problems arise because:
Answer: Ownership and control is separated
Co-ording to Cadbury (2002), corporate governance is an issue of power and:
A director of a limited company may not be liable for wrongful trading if he or she
Answer: took every step to minimise the potential loss to creditors
Directors’ responsibilities are unlikely to include.
Answer: a duty to propose high dividends for shareholders
External audit of the accounts of a limited company is required
Answer: By The Companies Act 2006
The view that business exists at society's pleasure and businesses should meet public expectations of social responsibility is the
Answer: enlightened self-interest argument
In a ______________ organization, decision making is delegated as far down the chain of command as possible.
Which of the following is NOT one of the primary elements of a strong organizational compliance program?
Answer: Significant financial expenditures
Codes of conduct and codes of ethics
Answer: Are Formal Statements That Describe What An Organization Expects Of Its Employees
Which of the following is not a driver of responsible competitiveness?
Answer: Development drivers
The ability to interpret and adapt successfully to different national, organizational, and professional cultures is called:
Answer: Cultural Intelligence