- 10 Marks
SCS – Nov 2020 – L3 – Q5 – Professional practice and codes of ethics
Advise on how GGOH could improve governance using the Ghana Code of Best Practices and the UK Corporate Governance Code.
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Find Related Questions by Tags, levels, etc.
In reference to Ghana’s Code of Best Practices in Corporate Governance, discuss FOUR (4) key issues that could determine how well or badly HPC is governed, taking into consideration the intention and business relationship of the Board Chairman. (10 marks)
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Dr. Kingsley Tettey is the Chairman of the 4-member board of directors, and Dr. Joy Tettey is the Medical Director. Clearly, the Chairman is not the Chief Executive Officer (CEO) or Medical Director of LCH.
Required:
Discuss what the Ghana Code of Best Practices and the UK Corporate Governance Code state about this governance structure.
(8 marks)
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a) Boards rely on the Audit Committee to offer effective oversight of the financial reporting process, making it one of the cornerstones for effective corporate governance. Effective Audit Committee is vital for protecting investors and the health of the capital markets.
Required:
i) Identify THREE (3) requirements in the composition of Audit Committees in accordance with the best practice in Corporate Governance. (3 marks)
ii) List TWO (2) functions of an Audit Committee. (2 marks)
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a) Good corporate governance is an important way of ensuring accountability and value for money in the public sector.
Required:
i) State and explain FOUR (4) corporate governance problems in the public sector of Ghana. (6 marks)
ii) Discuss FOUR (4) principles of corporate governance that ensure effective accountability and value for money in the public sector. (6 marks)
b) Public-Private Partnership (PPP) is one of the strategies governments can adopt to bridge the infrastructure gap in developing countries. To account effectively for a PPP arrangement, best practices are recommended in executing the arrangements.
Required:
Discuss FOUR (4) best practices that ensure effective PPP arrangements in the public sector. (8 marks)
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
In reference to Ghana’s Code of Best Practices in Corporate Governance, discuss FOUR (4) key issues that could determine how well or badly HPC is governed, taking into consideration the intention and business relationship of the Board Chairman. (10 marks)
Find Related Questions by Tags, levels, etc.
Dr. Kingsley Tettey is the Chairman of the 4-member board of directors, and Dr. Joy Tettey is the Medical Director. Clearly, the Chairman is not the Chief Executive Officer (CEO) or Medical Director of LCH.
Required:
Discuss what the Ghana Code of Best Practices and the UK Corporate Governance Code state about this governance structure.
(8 marks)
Find Related Questions by Tags, levels, etc.
a) Boards rely on the Audit Committee to offer effective oversight of the financial reporting process, making it one of the cornerstones for effective corporate governance. Effective Audit Committee is vital for protecting investors and the health of the capital markets.
Required:
i) Identify THREE (3) requirements in the composition of Audit Committees in accordance with the best practice in Corporate Governance. (3 marks)
ii) List TWO (2) functions of an Audit Committee. (2 marks)
Find Related Questions by Tags, levels, etc.
a) Good corporate governance is an important way of ensuring accountability and value for money in the public sector.
Required:
i) State and explain FOUR (4) corporate governance problems in the public sector of Ghana. (6 marks)
ii) Discuss FOUR (4) principles of corporate governance that ensure effective accountability and value for money in the public sector. (6 marks)
b) Public-Private Partnership (PPP) is one of the strategies governments can adopt to bridge the infrastructure gap in developing countries. To account effectively for a PPP arrangement, best practices are recommended in executing the arrangements.
Required:
Discuss FOUR (4) best practices that ensure effective PPP arrangements in the public sector. (8 marks)
Find Related Questions by Tags, levels, etc.
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