Board Structure – NBC Institute

CSME – Nov 2015 – L2 – Q5 – Corporate Governance

Outlines key responsibilities and duties of the board in corporate governance, relevant for improving corporate structure and performance.

Question

The owner of ABC Company learned from a conference and a professional magazine that weak corporate governance accounted for recent corporate failures in Nigeria. Many board members were found lacking a clear understanding of board responsibilities and duties.

Required:
The Managing Director will soon address the board and has requested a paper detailing the board’s responsibilities and duties.

Answer

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Tags: Accountability, Board Duties, Board Structure, Corporate Governance, Strategic Oversight
Level: Level 2

Topic: Corporate Governance
Series: NOV 2015

CSME – Nov 2019 – L2 – Q5b – Corporate Governance

Analyzes the alternative types of board structures and provides arguments for the most viable option.

Question

(b) Analyze the alternative types of board structure that a company might adopt and provide an argument in support of the one you consider to be more viable. (10 Marks)

Answer

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Tags: Board Structure, Corporate Governance, Two-Tier Board, Unitary Board
Level: Level 2

Topic: Corporate Governance
Series: NOV 2019

MGE – May 2018 – L2 – Q4a – Corporate Governance

Discusses the two-tier board structure and its support in governance systems.

Question

Discuss the argument in support of the two-tier board structure. (10 Marks)

Answer

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Tags: Board Structure, Corporate Governance, Supervisory Board, Two-Tier Board
Level: Level 2

Topic: Corporate Governance
Series: MAY 2018

SCS – MAR 2024 – L3 – Q6a – Strategy, stakeholders, and mission

Describe and explain 5 key issues in corporate governance for Prestige.

Question

Prestige’s Board acknowledges that by adopting and implementing the highest standards of corporate governance, this sets the standards and values for the entire Company. The Company seeks to comply with best practices in all areas of corporate governance and continues to review its procedures to maintain proper control and accountability.

Required:
Describe and explain five key issues in corporate governance that would establish how well or badly Prestige is governed.

Answer

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Tags: Accountability, Board Structure, Corporate Governance, Transparency
Level: Level 3

Topic: Strategy, stakeholders, and mission
Series: MAR 2024

SCS – Nov 2021 – L3 – Q4 – Professional Practice and Codes of Ethics

Present factors that assess the independence of independent non-executive directors according to the Code of Best Practices.

Question

The board of COM currently consists of one executive director, the CEO, six non-independent non-executive directors (NEDs), and three independent NEDs. The chairman of the board has indicated that since the company is now listed, it is prudent to increase the number of independent NEDs. This, in the view of the board chairman, will ensure a ‘balance of power’ on the board so that no individual or small group of individuals can dominate decision-making by the board.

Required:
The Board chairman has approached you, a corporate governance expert and consultant, to make a presentation to the board on the factors that would be considered in selecting independent NEDs as provided in the Code of Best Practices on Corporate Governance. Limit the factors to FOUR (4).

Answer

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Tags: Board Structure, Code of Best Practices, Corporate Governance, Director Independence, Governance, Independent NED
Level: Level 3

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

AA – May 2018 – L2 – Q2a – Professional and Ethical Considerations

Identifies corporate governance weaknesses in a company and provides solutions to align with good governance principles.

Question

Mr. Frimpong Dogbe is the Leader, Founder, Chief Executive Officer, and Board Chairman of Awurade Hwe Ltd. He single-handedly appointed a board of five executive and two non-executive directors. No formal performance targets are set for the senior managers in the company, and no review of board policies is carried out. Mr. Frimpong Dogbe is the one who sets Board salaries based on his assessment of all the board members, including himself, and not on their actual performance.

Internal controls in the company are monitored by the Senior Accountant, although detailed review is assumed to be carried out by the external auditors. Awurade Hwe Ltd does not have an internal audit department.

Required:
Describe FIVE corporate governance weaknesses faced by Awurade Hwe Ltd, which do not comply with corporate governance principles, and for each weakness, recommend a solution to overcome the weakness. (10 marks)

Answer

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Tags: Board Structure, Corporate Governance, Governance weaknesses, Internal Controls, Recommendations
Level: Level 2

Topic: Professional and Ethical Considerations
Series: MAY 2018

AA – Nov 2018 – L2 – Q2b – Regulatory Framework and Audit Responsibilities

Identifies corporate governance weaknesses in Proper Banking Ltd and provides recommendations to address them.

Question

b) Proper Banking Limited (PBL) is required to comply with corporate governance principles to maintain its listed status and banking license due to the current banking crises in Ghana.

The Finance Director decides on the amount of remuneration each director is paid. Currently, all remuneration is in the form of an annual bonus based on profits. Yaw is considering setting up an audit committee but has not undertaken this task yet as he is very busy. A new sales director was appointed a year ago. She is yet to undertake her board training as this is normally provided by the chief executive officer, and this role is currently vacant.

Koffie Quartey is the chairman of PBL. Until last year, he was the Chief Executive Officer. Koffie is unsure if PBL needs more non-executive directors as there are currently four non-executive directors out of the eleven board members. He is considering appointing one of his close friends, who is a retired executive council member of a Non-Governmental Organization (NGO), as a non-executive director.

The shareholders are many and, due to their large numbers, the directors believe that it is impractical and too costly to hold an annual general meeting of shareholders. Instead, the board has suggested sending out the financial statements and any voting resolutions by email for shareholders to vote on the resolutions via email.

Required:
In respect of the corporate governance of Proper Banking Limited:
i. Identify and explain FIVE (5) corporate governance weaknesses; and (10 marks)
ii. Provide a recommendation to address each weakness. (5 marks)

Answer

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Tags: Audit Committee, Board Structure, Corporate Governance, Director Remuneration, Non-Executive Directors
Level: Level 2

Topic: Regulatory Framework and Audit Responsibilities
Series: NOV 2018

CSME – Nov 2015 – L2 – Q5 – Corporate Governance

Outlines key responsibilities and duties of the board in corporate governance, relevant for improving corporate structure and performance.

Question

Required:
The Managing Director will soon address the board and has requested a paper detailing the board’s responsibilities and duties.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accountability, Board Duties, Board Structure, Corporate Governance, Strategic Oversight
Level: Level 2

Topic: Corporate Governance
Series: NOV 2015

CSME – Nov 2019 – L2 – Q5b – Corporate Governance

Analyzes the alternative types of board structures and provides arguments for the most viable option.

Question

(b) Analyze the alternative types of board structure that a company might adopt and provide an argument in support of the one you consider to be more viable. (10 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Board Structure, Corporate Governance, Two-Tier Board, Unitary Board
Level: Level 2

Topic: Corporate Governance
Series: NOV 2019

MGE – May 2018 – L2 – Q4a – Corporate Governance

Discusses the two-tier board structure and its support in governance systems.

Question

Discuss the argument in support of the two-tier board structure. (10 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Board Structure, Corporate Governance, Supervisory Board, Two-Tier Board
Level: Level 2

Topic: Corporate Governance
Series: MAY 2018

SCS – MAR 2024 – L3 – Q6a – Strategy, stakeholders, and mission

Describe and explain 5 key issues in corporate governance for Prestige.

Question

Required:
Describe and explain five key issues in corporate governance that would establish how well or badly Prestige is governed.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accountability, Board Structure, Corporate Governance, Transparency
Level: Level 3

Topic: Strategy, stakeholders, and mission
Series: MAR 2024

SCS – Nov 2021 – L3 – Q4 – Professional Practice and Codes of Ethics

Present factors that assess the independence of independent non-executive directors according to the Code of Best Practices.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Board Structure, Code of Best Practices, Corporate Governance, Director Independence, Governance, Independent NED
Level: Level 3

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

AA – May 2018 – L2 – Q2a – Professional and Ethical Considerations

Identifies corporate governance weaknesses in a company and provides solutions to align with good governance principles.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Board Structure, Corporate Governance, Governance weaknesses, Internal Controls, Recommendations
Level: Level 2

Topic: Professional and Ethical Considerations
Series: MAY 2018

AA – Nov 2018 – L2 – Q2b – Regulatory Framework and Audit Responsibilities

Identifies corporate governance weaknesses in Proper Banking Ltd and provides recommendations to address them.

Question

b) Proper Banking Limited (PBL) is required to comply with corporate governance principles to maintain its listed status and banking license due to the current banking crises in Ghana.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Committee, Board Structure, Corporate Governance, Director Remuneration, Non-Executive Directors
Level: Level 2

Topic: Regulatory Framework and Audit Responsibilities
Series: NOV 2018

Question Tag: Board Structure

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CSME – Nov 2015 – L2 – Q5 – Corporate Governance

Outlines key responsibilities and duties of the board in corporate governance, relevant for improving corporate structure and performance.

CSME – Nov 2019 – L2 – Q5b – Corporate Governance

Analyzes the alternative types of board structures and provides arguments for the most viable option.

MGE – May 2018 – L2 – Q4a – Corporate Governance

Discusses the two-tier board structure and its support in governance systems.

SCS – MAR 2024 – L3 – Q6a – Strategy, stakeholders, and mission

Describe and explain 5 key issues in corporate governance for Prestige.

SCS – Nov 2021 – L3 – Q4 – Professional Practice and Codes of Ethics

Present factors that assess the independence of independent non-executive directors according to the Code of Best Practices.

AA – May 2018 – L2 – Q2a – Professional and Ethical Considerations

Identifies corporate governance weaknesses in a company and provides solutions to align with good governance principles.

AA – Nov 2018 – L2 – Q2b – Regulatory Framework and Audit Responsibilities

Identifies corporate governance weaknesses in Proper Banking Ltd and provides recommendations to address them.

CSME – Nov 2015 – L2 – Q5 – Corporate Governance

Outlines key responsibilities and duties of the board in corporate governance, relevant for improving corporate structure and performance.

CSME – Nov 2019 – L2 – Q5b – Corporate Governance

Analyzes the alternative types of board structures and provides arguments for the most viable option.

MGE – May 2018 – L2 – Q4a – Corporate Governance

Discusses the two-tier board structure and its support in governance systems.

SCS – MAR 2024 – L3 – Q6a – Strategy, stakeholders, and mission

Describe and explain 5 key issues in corporate governance for Prestige.

SCS – Nov 2021 – L3 – Q4 – Professional Practice and Codes of Ethics

Present factors that assess the independence of independent non-executive directors according to the Code of Best Practices.

AA – May 2018 – L2 – Q2a – Professional and Ethical Considerations

Identifies corporate governance weaknesses in a company and provides solutions to align with good governance principles.

AA – Nov 2018 – L2 – Q2b – Regulatory Framework and Audit Responsibilities

Identifies corporate governance weaknesses in Proper Banking Ltd and provides recommendations to address them.

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Question Tag: Board Structure

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CSME – Nov 2015 – L2 – Q5 – Corporate Governance

Outlines key responsibilities and duties of the board in corporate governance, relevant for improving corporate structure and performance.

You're reporting an error for "CSME – Nov 2015 – L2 – Q5 – Corporate Governance"

CSME – Nov 2019 – L2 – Q5b – Corporate Governance

Analyzes the alternative types of board structures and provides arguments for the most viable option.

You're reporting an error for "CSME – Nov 2019 – L2 – Q5b – Corporate Governance"

MGE – May 2018 – L2 – Q4a – Corporate Governance

Discusses the two-tier board structure and its support in governance systems.

You're reporting an error for "MGE – May 2018 – L2 – Q4a – Corporate Governance"

SCS – MAR 2024 – L3 – Q6a – Strategy, stakeholders, and mission

Describe and explain 5 key issues in corporate governance for Prestige.

You're reporting an error for "SCS – MAR 2024 – L3 – Q6a – Strategy, stakeholders, and mission"

SCS – Nov 2021 – L3 – Q4 – Professional Practice and Codes of Ethics

Present factors that assess the independence of independent non-executive directors according to the Code of Best Practices.

You're reporting an error for "SCS – Nov 2021 – L3 – Q4 – Professional Practice and Codes of Ethics"

AA – May 2018 – L2 – Q2a – Professional and Ethical Considerations

Identifies corporate governance weaknesses in a company and provides solutions to align with good governance principles.

You're reporting an error for "AA – May 2018 – L2 – Q2a – Professional and Ethical Considerations"

AA – Nov 2018 – L2 – Q2b – Regulatory Framework and Audit Responsibilities

Identifies corporate governance weaknesses in Proper Banking Ltd and provides recommendations to address them.

You're reporting an error for "AA – Nov 2018 – L2 – Q2b – Regulatory Framework and Audit Responsibilities"

CSME – Nov 2015 – L2 – Q5 – Corporate Governance

Outlines key responsibilities and duties of the board in corporate governance, relevant for improving corporate structure and performance.

You're reporting an error for "CSME – Nov 2015 – L2 – Q5 – Corporate Governance"

CSME – Nov 2019 – L2 – Q5b – Corporate Governance

Analyzes the alternative types of board structures and provides arguments for the most viable option.

You're reporting an error for "CSME – Nov 2019 – L2 – Q5b – Corporate Governance"

MGE – May 2018 – L2 – Q4a – Corporate Governance

Discusses the two-tier board structure and its support in governance systems.

You're reporting an error for "MGE – May 2018 – L2 – Q4a – Corporate Governance"

SCS – MAR 2024 – L3 – Q6a – Strategy, stakeholders, and mission

Describe and explain 5 key issues in corporate governance for Prestige.

You're reporting an error for "SCS – MAR 2024 – L3 – Q6a – Strategy, stakeholders, and mission"

SCS – Nov 2021 – L3 – Q4 – Professional Practice and Codes of Ethics

Present factors that assess the independence of independent non-executive directors according to the Code of Best Practices.

You're reporting an error for "SCS – Nov 2021 – L3 – Q4 – Professional Practice and Codes of Ethics"

AA – May 2018 – L2 – Q2a – Professional and Ethical Considerations

Identifies corporate governance weaknesses in a company and provides solutions to align with good governance principles.

You're reporting an error for "AA – May 2018 – L2 – Q2a – Professional and Ethical Considerations"

AA – Nov 2018 – L2 – Q2b – Regulatory Framework and Audit Responsibilities

Identifies corporate governance weaknesses in Proper Banking Ltd and provides recommendations to address them.

You're reporting an error for "AA – Nov 2018 – L2 – Q2b – Regulatory Framework and Audit Responsibilities"

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