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AGRC International Certified Corporate Governance Officer Sample Questions (Q30-Q35):
NEW QUESTION # 30
With due regard for the principle of proportionality, the board of directors' supervisory role:
- A. Includes participating in the work of the formed committees, such as the risk committee, the remuneration committee, and the nominations committee.
- B. Includes appropriately undertaking the roles of some committees, such as the risk committee, if they are not formed.
- C. Does not include undertaking any work related to the risk committee.
Answer: B
NEW QUESTION # 31
The difference between the COSO framework for enterprise risk management and the ISO 31000 international standard for risk management, in terms of the "risk management process" is that:
- A. The ISO 31000 methodology for risk management is a non-traditional process.
- B. The COSO framework focuses more on setting conceptual frameworks for risk management.
- C. The COSO framework focuses heavily on the practical steps of the risk management process.
Answer: B
NEW QUESTION # 32
Among the duties of the board of directors in family companies are:
- A. All of the above.
- B. Ensuring the efficiency of internal control and risk management.
- C. Monitoring the performance of the management and ensuring the availability of financial resources.
Answer: B
NEW QUESTION # 33
Among the factors that led to the Credit Suisse crisis:
- A. All of the above.
- B. Leaders staying without change for long periods.
- C. Continuous change at the leadership level.
Answer: C
NEW QUESTION # 34
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 7 to 9 members
- C. ranging from 3 to 7 members
Answer: B
NEW QUESTION # 35
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