Rules-Based Approach – NBC Institute

MGE – May 2018 – L2 – Q2 – Corporate Governance

Discusses corporate governance, approaches, and key aspects of the Sarbanes-Oxley Act.

Question

Since the onset of the global economic crises of 2008 that led to the collapse of many corporations across the world, there has been a heightened demand for companies to have good and effective corporate governance structures.

a. Discuss the importance of effective corporate governance codes to corporations. (5 Marks)

b. Explain the TWO basic approaches of corporate governance and specify the one you consider to be more acceptable. (10 Marks)

c. Identify FIVE of the main governance aspects of the Sarbanes-Oxley Act. (5 Marks)

Answer

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Tags: Corporate Governance, Governance Codes, Principles-Based Approach, Rules-Based Approach, Sarbanes-Oxley Act
Level: Level 2

Topic: Corporate Governance
Series: MAY 2018

SCS – Nov 2021 – L3 – Q8 – Professional practice and codes of ethics

Discuss the merits and demerits of the rules-based approach versus the principles-based approach to setting ethical standards.

Question

COM has not had any serious corporate governance issues that have raised concerns as to potential ethical conflicts. However, the Board of Directors has raised concerns about the fact that the Finance department does not have a separate code of conduct in view of the risks associated with their work. Some are proposing a rules-based approach instead of a principles-based approach.

Required:
The CEO has approached you as a Finance professional and a friend to assist him in guiding the Board since the issue was not discussed exhaustively and there is the likelihood that the matter would be part of the next Board meeting. Write a report discussing the merits and demerits of both rules-based approach and a principles-based approach to setting ethical standards.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Governance, Ethical Standards, Ethics, Finance Department, Principles-Based Approach, Rules-Based Approach
Level: Level 3

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

MGE – May 2018 – L2 – Q2 – Corporate Governance

Discusses corporate governance, approaches, and key aspects of the Sarbanes-Oxley Act.

Question

a. Discuss the importance of effective corporate governance codes to corporations. (5 Marks)

b. Explain the TWO basic approaches of corporate governance and specify the one you consider to be more acceptable. (10 Marks)

c. Identify FIVE of the main governance aspects of the Sarbanes-Oxley Act. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Governance, Governance Codes, Principles-Based Approach, Rules-Based Approach, Sarbanes-Oxley Act
Level: Level 2

Topic: Corporate Governance
Series: MAY 2018

SCS – Nov 2021 – L3 – Q8 – Professional practice and codes of ethics

Discuss the merits and demerits of the rules-based approach versus the principles-based approach to setting ethical standards.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Governance, Ethical Standards, Ethics, Finance Department, Principles-Based Approach, Rules-Based Approach
Level: Level 3

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

Question Tag: Rules-Based Approach

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MGE – May 2018 – L2 – Q2 – Corporate Governance

Discusses corporate governance, approaches, and key aspects of the Sarbanes-Oxley Act.

SCS – Nov 2021 – L3 – Q8 – Professional practice and codes of ethics

Discuss the merits and demerits of the rules-based approach versus the principles-based approach to setting ethical standards.

MGE – May 2018 – L2 – Q2 – Corporate Governance

Discusses corporate governance, approaches, and key aspects of the Sarbanes-Oxley Act.

SCS – Nov 2021 – L3 – Q8 – Professional practice and codes of ethics

Discuss the merits and demerits of the rules-based approach versus the principles-based approach to setting ethical standards.

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Question Tag: Rules-Based Approach

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MGE – May 2018 – L2 – Q2 – Corporate Governance

Discusses corporate governance, approaches, and key aspects of the Sarbanes-Oxley Act.

You're reporting an error for "MGE – May 2018 – L2 – Q2 – Corporate Governance"

SCS – Nov 2021 – L3 – Q8 – Professional practice and codes of ethics

Discuss the merits and demerits of the rules-based approach versus the principles-based approach to setting ethical standards.

You're reporting an error for "SCS – Nov 2021 – L3 – Q8 – Professional practice and codes of ethics"

MGE – May 2018 – L2 – Q2 – Corporate Governance

Discusses corporate governance, approaches, and key aspects of the Sarbanes-Oxley Act.

You're reporting an error for "MGE – May 2018 – L2 – Q2 – Corporate Governance"

SCS – Nov 2021 – L3 – Q8 – Professional practice and codes of ethics

Discuss the merits and demerits of the rules-based approach versus the principles-based approach to setting ethical standards.

You're reporting an error for "SCS – Nov 2021 – L3 – Q8 – Professional practice and codes of ethics"

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