Question Tag: Board Responsibilities

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SCS – Nov 2024 – L3 – Q5b – Board Responsibilities in Corporate Governance

Evaluate the role of the board in corporate governance, focusing on responsibilities for strategy, oversight, and ethical leadership.

Question

The role of the board of directors is critical in corporate governance. The National Corporate Governance Code for Ghana (the National Code) issued in November 2022 outlines the board’s core responsibilities.

Required:

Advise the board of BOGML on the FIVE key responsibilities of the board of directors as outlined in the National Code.

Answer

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Tags: Board Responsibilities, Corporate Governance, Ethics, Internal Controls, Risk Management, Strategic leadership
Level: Level 3

Topic: Professional practice and codes of ethics
Series: Nov 2024

CSME – May 2021 – L2 – Q3b – Corporate Governance

Explanation of board responsibilities per ICSA guidelines that cannot be delegated.

Question

Using the Institute of Chartered Secretaries and Administrators (ICSA) guidance note, explain responsibilities of board of directors that should not be delegated.

Answer

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Tags: Board Responsibilities, Corporate Governance, ICSA Guidelines, Non-Delegable Duties
Level: Level 2

Topic: Corporate Governance
Series: MAY 2021

MGE – May 2018 – L2 – Q3b – Risk Management and Corporate Strategy

Discusses the ALARP framework in risk management and its relevance for the Health Pharmaceutical Company.

Question

Risk management has been an issue with the newly constituted board of Health Pharmaceutical Company. As the chairman of the board, you are required to:

Discuss the ALARP framework in risk management with the newly constituted board. (5 Marks)

Answer

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Tags: ALARP, Board Responsibilities, Corporate Governance, Risk Management
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: MAY 2018

CSME – Nov 2018 – L2 – Q2 – Corporate Governance

Identify five key corporate governance issues for expansion and principles of good corporate governance for PKL Restaurants Limited.

Question

PKL Restaurants Limited was established in 1995 and now has 12 branches in different parts of Lagos. The company wants to expand its operations to Abuja and Port Harcourt. Consequently, it seeks to restructure the business and build structures for good corporate governance.

Required:

a. Develop a proposal highlighting five key issues of corporate governance. (10 Marks)

b. Evaluate five principles of good corporate governance that the company should adhere to. (10 Marks)

Answer

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Tags: Board Responsibilities, Corporate Governance, expansion, Governance Principles, Restaurants
Level: Level 2

Topic: Corporate Governance
Series: NOV 2018

SCS – May 2021 – L3 – Q6 – Professional practice and codes of ethics

Explain the key concepts of good governance that SBL should adhere to in order to improve corporate governance practices.

Question

James Mensah and Edwin Mensah are concerned that SBL is not strictly adhering to concepts of good governance. They want to see SBL as a well-governed company.

Required:
As a Business Development Advisor, explain to the board what “concepts of good governance” is. (10 marks)

Answer

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Tags: Board Responsibilities, Corporate Governance, Ethical Practices, Good Governance
Level: Level 3

Topic: Professional practice and codes of ethics
Series: MAY 2021

SCS – July 2023 – L3 – Q6b – Conflicts of Interest and Ethical Conflict Resolution

Explain the ICSA guidance on decisions that the board should reserve for itself and not delegate to individual or executive managers.

Question

The Director of Human Resources and Organisational Development is concerned that her recent presentation about matrix management structure and performance management should be sent to the board for approval. Prof. Ernest Kofi Mensah vehemently disagrees. He referred her to the Institute of Chartered Secretaries and Administrators (ICSA) guidance.

Required:
Identify and explain FOUR (4) of the Institute of Chartered Secretaries and Administrators (ICSA) guidance on decision-making responsibilities that the board should reserve to itself and should not be delegated to individual or executive managers to confirm and comment on the view that the Director of Human Resources and Organisational Development’s matrix structure presented is not one of the issues which require board approval before implementation.

Answer

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Tags: Board Responsibilities, Corporate Governance, Decision Making, ICSA Guidance
Level: Level 3

Topic: Conflicts of Interest and Ethical Conflict Resolution
Series: JULY 2023

CSEG – Nov 2015 – L2 – Q6b – Corporate governance framework

Explain five principles of corporate governance based on the OECD guidelines adopted by Ghana.

Question

Ghana has adopted the principles published by the organization for Economic Co-operation and Development (OECD) which deal mainly with performance problems that result from the separation of ownership and management of a company. Explain FIVE (5) principles of corporate governance.

Answer

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Tags: Board Responsibilities, Corporate governance principles, Disclosure and transparency, OECD principles, Stakeholder rights
Level: Level 2

Topic: Corporate governance framework
Series: NOV 2015

CSEG – Nov 2017 – L2 – Q3b – Corporate governance framework

Discuss the composition, functions, and factors to consider in the remuneration of directors within a corporate governance framework.

Question

Sawaba Telco Ltd is a recently listed local company that is in the process of reorganizing its corporate governance structure to reflect its status as a public company. At the first board meeting after the listing, the board chairman raised the issue of setting up sub-committees of the Board. The Board agreed to start with two sub-committees: the Remuneration Committee and the Audit Committee. The board chairman is unsure how the remuneration committee of the board should be composed, its functions, and other related matters. As a corporate governance consultant, the board chairman has written to you for advice on various issues regarding the remuneration committee.

Required:

Write a report to the board chairman advising him on the following:

i) The composition of the Remuneration Committee. (3 marks)

ii) THREE functions of the Remuneration Committee. (3 marks)

iii) THREE factors to be considered in the remuneration of executive and non-executive directors. (6 marks)

Answer

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Tags: Board Responsibilities, Corporate Governance, Remuneration Committee
Level: Level 2

Topic: Corporate governance framework
Series: NOV 2017

AAA – March 2023 – L3 – Q5a – Current issues, Government external audit and public accountability

Evaluate five responsibilities of the Board for risk management of rural banks.

Question

The Central Bank of Ghana (BoG) is mandated to ensure the smooth running of the banking system. Over the years, Bank of Ghana has taken pride in enforcing stricter regulation and supervision. In this regard, the BoG formulated the Banks and Specialised Deposit Taking Institutions Act, Act 930 in 2016, which empowers it to be more aggressive in dealing with deviations in the sector. The BoG, aside instituting regulations, undertook a clean-up of the financial sector. This saw the number of universal banks drop from 30 at the beginning of 2018 to 23, as at the end of December 2018. These 23 universal banks were able to meet the minimum capitalisation requirement of GH¢ 400 million by the end of December 2018 (BoG, MPC reports, 2018).

Major corporate failures worldwide have dented investor confidence as well as raised several questions on the effectiveness of a firm’s internal control system and the corporate governance structures and also poor risk management especially for banks. Bank of Ghana in addressing collapse of Rural Banks and the risk management gap of the rural banking space introduced the Risk Management Guidelines for Rural and Community Banks in May 2021.

Required:
Evaluate FIVE (5) of the responsibilities of the Board for risk management of rural banks.

(10 marks)

Answer

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Tags: Board Responsibilities, ICAG, Risk Management, Rural Banks
Level: Level 3

Topic: Current issues, Government external audit and public accountability
Series: MAR 2023

PSAF – May 2017 – L2 – Q5a – The context of public financial management

This question identifies symptoms of defective corporate governance in a public sector organization and discusses the responsibilities of the Board of Directors in promoting good governance.

Question

Ghana Approval Authority (GAA) is a public sub-vented organization established in 1995 as a standard approving authority for industrial, medical, and food substances in Ghana. Dr. Kamkam was appointed as the Chief Executive Officer (CEO) four years ago and he reports to a seven-member Board of Directors. GAA derives its powers from an Act of Parliament that was passed over two decades ago. The CEO upon resumption of office found that the enabling enactment of the Authority is out of date and could not regulate the activities of the board effectively. He therefore introduced a lot of innovations and initiatives to run the Authority effectively and efficiently, however, some of his initiatives were inconsistent with the provisions of the enabling enactment. His initiatives, despite their inconsistency with the law, produce great results for the Authority.

Dr. Kamkam has a very good relationship with the Board of Directors over the period resulting from fat allowances and kingly treatment he offers them, especially the board chairman who is a personal friend to him. This empowers him to make unilateral decisions knowing that the board is under his full control and dominance. The board meets fewer times than required by the enabling Act of the GAA. Furthermore, internal audit is not given the required attention by management and the audit committee has not been constituted in the last four years.

The Authority outsourced most of its supporting services to the private sector. The CEO has ensured that all of these services are outsourced to companies owned by his close friends and relatives. In some cases, the services are outsourced to companies in which the board chairman has significant interest. Past records support the action of the CEO that outsourcing to close associates produces better services than an “arm’s length” sourcing. The Authority is also not able to meet information disclosure requirements due to the policy of the CEO to operate on the blind side of the public in order to reduce visibility and nose-poking behaviors of the media.

Required:

i) Explain FOUR symptoms of defective corporate governance that can be identified in GAA. (6 marks)

ii) Identify FOUR responsibilities expected of the Board of Directors of GAA to promote good corporate governance. (4 marks)

Answer

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Tags: Board Responsibilities, Conflict of Interest, Corporate Governance, Internal Audit, Public Sector
Level: Level 2

Topic: The context of public financial management
Series: MAY 2017

SCS – Nov 2024 – L3 – Q5b – Board Responsibilities in Corporate Governance

Evaluate the role of the board in corporate governance, focusing on responsibilities for strategy, oversight, and ethical leadership.

Question

Required:

Advise the board of BOGML on the FIVE key responsibilities of the board of directors as outlined in the National Code.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Board Responsibilities, Corporate Governance, Ethics, Internal Controls, Risk Management, Strategic leadership
Level: Level 3

Topic: Professional practice and codes of ethics
Series: Nov 2024

CSME – May 2021 – L2 – Q3b – Corporate Governance

Explanation of board responsibilities per ICSA guidelines that cannot be delegated.

Question

Using the Institute of Chartered Secretaries and Administrators (ICSA) guidance note, explain responsibilities of board of directors that should not be delegated.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Board Responsibilities, Corporate Governance, ICSA Guidelines, Non-Delegable Duties
Level: Level 2

Topic: Corporate Governance
Series: MAY 2021

MGE – May 2018 – L2 – Q3b – Risk Management and Corporate Strategy

Discusses the ALARP framework in risk management and its relevance for the Health Pharmaceutical Company.

Question

Risk management has been an issue with the newly constituted board of Health Pharmaceutical Company. As the chairman of the board, you are required to:

Discuss the ALARP framework in risk management with the newly constituted board. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: ALARP, Board Responsibilities, Corporate Governance, Risk Management
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: MAY 2018

CSME – Nov 2018 – L2 – Q2 – Corporate Governance

Identify five key corporate governance issues for expansion and principles of good corporate governance for PKL Restaurants Limited.

Question

Required:

a. Develop a proposal highlighting five key issues of corporate governance. (10 Marks)

b. Evaluate five principles of good corporate governance that the company should adhere to. (10 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Board Responsibilities, Corporate Governance, expansion, Governance Principles, Restaurants
Level: Level 2

Topic: Corporate Governance
Series: NOV 2018

SCS – May 2021 – L3 – Q6 – Professional practice and codes of ethics

Explain the key concepts of good governance that SBL should adhere to in order to improve corporate governance practices.

Question

James Mensah and Edwin Mensah are concerned that SBL is not strictly adhering to concepts of good governance. They want to see SBL as a well-governed company.

Required:
As a Business Development Advisor, explain to the board what “concepts of good governance” is. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Board Responsibilities, Corporate Governance, Ethical Practices, Good Governance
Level: Level 3

Topic: Professional practice and codes of ethics
Series: MAY 2021

SCS – July 2023 – L3 – Q6b – Conflicts of Interest and Ethical Conflict Resolution

Explain the ICSA guidance on decisions that the board should reserve for itself and not delegate to individual or executive managers.

Question

Answer

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Tags: Board Responsibilities, Corporate Governance, Decision Making, ICSA Guidance
Level: Level 3

Topic: Conflicts of Interest and Ethical Conflict Resolution
Series: JULY 2023

CSEG – Nov 2015 – L2 – Q6b – Corporate governance framework

Explain five principles of corporate governance based on the OECD guidelines adopted by Ghana.

Question

Answer

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Tags: Board Responsibilities, Corporate governance principles, Disclosure and transparency, OECD principles, Stakeholder rights
Level: Level 2

Topic: Corporate governance framework
Series: NOV 2015

CSEG – Nov 2017 – L2 – Q3b – Corporate governance framework

Discuss the composition, functions, and factors to consider in the remuneration of directors within a corporate governance framework.

Question

Required:

Write a report to the board chairman advising him on the following:

i) The composition of the Remuneration Committee. (3 marks)

ii) THREE functions of the Remuneration Committee. (3 marks)

iii) THREE factors to be considered in the remuneration of executive and non-executive directors. (6 marks)

Answer

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Tags: Board Responsibilities, Corporate Governance, Remuneration Committee
Level: Level 2

Topic: Corporate governance framework
Series: NOV 2017

AAA – March 2023 – L3 – Q5a – Current issues, Government external audit and public accountability

Evaluate five responsibilities of the Board for risk management of rural banks.

Question

Required:
Evaluate FIVE (5) of the responsibilities of the Board for risk management of rural banks.

(10 marks)

Answer

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Tags: Board Responsibilities, ICAG, Risk Management, Rural Banks
Level: Level 3

Topic: Current issues, Government external audit and public accountability
Series: MAR 2023

PSAF – May 2017 – L2 – Q5a – The context of public financial management

This question identifies symptoms of defective corporate governance in a public sector organization and discusses the responsibilities of the Board of Directors in promoting good governance.

Question

Required:

i) Explain FOUR symptoms of defective corporate governance that can be identified in GAA. (6 marks)

ii) Identify FOUR responsibilities expected of the Board of Directors of GAA to promote good corporate governance. (4 marks)

Answer

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Tags: Board Responsibilities, Conflict of Interest, Corporate Governance, Internal Audit, Public Sector
Level: Level 2

Topic: The context of public financial management
Series: MAY 2017

Question Tag: Board Responsibilities

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SCS – Nov 2024 – L3 – Q5b – Board Responsibilities in Corporate Governance

Evaluate the role of the board in corporate governance, focusing on responsibilities for strategy, oversight, and ethical leadership.

You're reporting an error for "SCS – Nov 2024 – L3 – Q5b – Board Responsibilities in Corporate Governance"

CSME – May 2021 – L2 – Q3b – Corporate Governance

Explanation of board responsibilities per ICSA guidelines that cannot be delegated.

You're reporting an error for "CSME – May 2021 – L2 – Q3b – Corporate Governance"

MGE – May 2018 – L2 – Q3b – Risk Management and Corporate Strategy

Discusses the ALARP framework in risk management and its relevance for the Health Pharmaceutical Company.

You're reporting an error for "MGE – May 2018 – L2 – Q3b – Risk Management and Corporate Strategy"

CSME – Nov 2018 – L2 – Q2 – Corporate Governance

Identify five key corporate governance issues for expansion and principles of good corporate governance for PKL Restaurants Limited.

You're reporting an error for "CSME – Nov 2018 – L2 – Q2 – Corporate Governance"

SCS – May 2021 – L3 – Q6 – Professional practice and codes of ethics

Explain the key concepts of good governance that SBL should adhere to in order to improve corporate governance practices.

You're reporting an error for "SCS – May 2021 – L3 – Q6 – Professional practice and codes of ethics"

SCS – July 2023 – L3 – Q6b – Conflicts of Interest and Ethical Conflict Resolution

Explain the ICSA guidance on decisions that the board should reserve for itself and not delegate to individual or executive managers.

You're reporting an error for "SCS – July 2023 – L3 – Q6b – Conflicts of Interest and Ethical Conflict Resolution"

CSEG – Nov 2015 – L2 – Q6b – Corporate governance framework

Explain five principles of corporate governance based on the OECD guidelines adopted by Ghana.

You're reporting an error for "CSEG – Nov 2015 – L2 – Q6b – Corporate governance framework"

CSEG – Nov 2017 – L2 – Q3b – Corporate governance framework

Discuss the composition, functions, and factors to consider in the remuneration of directors within a corporate governance framework.

You're reporting an error for "CSEG – Nov 2017 – L2 – Q3b – Corporate governance framework"

AAA – March 2023 – L3 – Q5a – Current issues, Government external audit and public accountability

Evaluate five responsibilities of the Board for risk management of rural banks.

You're reporting an error for "AAA – March 2023 – L3 – Q5a – Current issues, Government external audit and public accountability"

PSAF – May 2017 – L2 – Q5a – The context of public financial management

This question identifies symptoms of defective corporate governance in a public sector organization and discusses the responsibilities of the Board of Directors in promoting good governance.

You're reporting an error for "PSAF – May 2017 – L2 – Q5a – The context of public financial management"

SCS – Nov 2024 – L3 – Q5b – Board Responsibilities in Corporate Governance

Evaluate the role of the board in corporate governance, focusing on responsibilities for strategy, oversight, and ethical leadership.

You're reporting an error for "SCS – Nov 2024 – L3 – Q5b – Board Responsibilities in Corporate Governance"

CSME – May 2021 – L2 – Q3b – Corporate Governance

Explanation of board responsibilities per ICSA guidelines that cannot be delegated.

You're reporting an error for "CSME – May 2021 – L2 – Q3b – Corporate Governance"

MGE – May 2018 – L2 – Q3b – Risk Management and Corporate Strategy

Discusses the ALARP framework in risk management and its relevance for the Health Pharmaceutical Company.

You're reporting an error for "MGE – May 2018 – L2 – Q3b – Risk Management and Corporate Strategy"

CSME – Nov 2018 – L2 – Q2 – Corporate Governance

Identify five key corporate governance issues for expansion and principles of good corporate governance for PKL Restaurants Limited.

You're reporting an error for "CSME – Nov 2018 – L2 – Q2 – Corporate Governance"

SCS – May 2021 – L3 – Q6 – Professional practice and codes of ethics

Explain the key concepts of good governance that SBL should adhere to in order to improve corporate governance practices.

You're reporting an error for "SCS – May 2021 – L3 – Q6 – Professional practice and codes of ethics"

SCS – July 2023 – L3 – Q6b – Conflicts of Interest and Ethical Conflict Resolution

Explain the ICSA guidance on decisions that the board should reserve for itself and not delegate to individual or executive managers.

You're reporting an error for "SCS – July 2023 – L3 – Q6b – Conflicts of Interest and Ethical Conflict Resolution"

CSEG – Nov 2015 – L2 – Q6b – Corporate governance framework

Explain five principles of corporate governance based on the OECD guidelines adopted by Ghana.

You're reporting an error for "CSEG – Nov 2015 – L2 – Q6b – Corporate governance framework"

CSEG – Nov 2017 – L2 – Q3b – Corporate governance framework

Discuss the composition, functions, and factors to consider in the remuneration of directors within a corporate governance framework.

You're reporting an error for "CSEG – Nov 2017 – L2 – Q3b – Corporate governance framework"

AAA – March 2023 – L3 – Q5a – Current issues, Government external audit and public accountability

Evaluate five responsibilities of the Board for risk management of rural banks.

You're reporting an error for "AAA – March 2023 – L3 – Q5a – Current issues, Government external audit and public accountability"

PSAF – May 2017 – L2 – Q5a – The context of public financial management

This question identifies symptoms of defective corporate governance in a public sector organization and discusses the responsibilities of the Board of Directors in promoting good governance.

You're reporting an error for "PSAF – May 2017 – L2 – Q5a – The context of public financial management"

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