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Exam ICCGO Dumps & Valid ICCGO Mock Test
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AGRC International Certified Corporate Governance Officer Sample Questions (Q39-Q44):
NEW QUESTION # 39
The specializations and responsibilities of the audit committee can be summarized in:
- A. Financial reports, internal audit, external audit, and compliance.
- B. Internal audit and external audit.
- C. Submitting to the board issues that the committee deems necessary to take action on, supported by its recommendations and the procedures that the board must take.
Answer: A
NEW QUESTION # 40
There are some obstacles to the independence of board members, such as:
- A. The member owning 5% or more of the company's shares.
- B. The member owning 10% or more of the company's shares.
- C. The member owning 3% or more of the company's shares.
Answer: B
NEW QUESTION # 41
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 Chairman of the board of directors.
- B. An annual license is obtained from the General Assembly.
- C. An annual license is obtained from the board of directors.
Answer: A
NEW QUESTION # 42
The board of directors' reality on the ground shows that a large number of countries around the world have established rules and regulations for this committee.
- A. The Nominations Committee
- B. The Remuneration Committee
- C. The Review Committee
Answer: B
NEW QUESTION # 43
Best practices generally indicate that the optimal number for forming the board of directors in family companies is:
- A. ranging from 3 to 7 members
- B. ranging from 7 to 9 members
- C. ranging from 5 to 9 members
Answer: B
NEW QUESTION # 44
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