6. A proper evaluation process selected by the compensation committee to assess the performance of directors does not depend on the independence of the board from the CEO and corporate governance structure.

marks:1

TRUE

FALSE

7. One of the most important attributes of audit committees for NPOs is that all members of the committee should be independent

marks:1

TRUE

FALSE

8. Which of the following are considered to be the second-tier stakeholders in the company?

marks:1

Lenders and creditors.

b. Customers and suppliers.

c. Shareholders.

d. Governmental oversight bodies (e.g., PCAOB, SEC).

9. The audit committee is composed of officers and committee chairs that can act on behalf of the entire board between board meetings if circumstances require

marks:1

TRUE

FALSE

10. Corporate governance structure

marks:1

varies a great deal across countries.

has become homogenized following the integration of capital markets.

has become homogenized due to cross-listing of shares of many public corporations.

none of the above