Corporate Governance

Topics: Corporate governance, Management, Board of directors Pages: 6 (2029 words) Published: August 29, 2014
Examination Paper of Corporate Governance

IIBM Institute of Business Management
Examination Paper

MM. 100

Corporate Governance
Subject Code-C103
Section A: Objective Type & Short Questions (30 marks)




This section consists of Multiple Choice questions & short questions. Answer all the questions.
Part one questions carry 1 mark each & Part Two questions carry 5 marks each.

Part One:
Multiple Choices:
1. Corporate Governance is
a) About ethical conduct in business
b) Direct or indirect concern in organization
c) A manufacturing system
d) None of the above
2. The term corporate governance is derived from thea) Greek word b) English word
c) French word
d) Latin word
3. The definition “Corporate Governance is the system by which business directed and controlled” is given bya) SEBI committee
b) OECD committee
c) Cadbury committee
d) All of the above
4. Internal control is implemented by thea) Board of directors b) Audit committee
c) Management
d) All of the above
5. OECD stands for__________________
6. Which of the following have the power to hire fire and compensate the top management? a) Board of directors
b) Audit committee
c) Shareholders
d) Management
7. CII stands for ____________________

IIBM Institute of Business Management

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Examination Paper of Corporate Governance

8. The managers are expected to act in the interest ofa) Audit committee b) Stakeholders
c) Employees
d) Customers
9. To endorse the organization strategy, develop directional policy, appoint, supervise and remunerate senior executives and to ensure accountability of the organization to its owners and authorities is the responsibility of

a) CEO
b) Ma
c) Top management
d) Board of directors
10. SEBI stands for_________________

Part Two:
1. What are the scopes of corporate governance?
2. Discuss the basic rights of shareholders?
3. List the type of “Auditors”.
4. Write a short note on corporate social responsibility.

END OF SECTION A

Section B: Caselets (40 Marks)





This section consists of Caselets.
Answer all the questions.
Each caselet carries 20 marks.
Detailed information should form the part of your answer (Word limit 150 to 200 word

Caselet 1
Real Juice Company
The company is in the business of producing and marketing fruit juices. Ritu joshi and Rohit Jain were looking at the ad copy and turning it over and over again in their mind. The copy read, “The best fitness plan for you real fruit, honest juice and no sugar. This was the main copy line. The more Ritu joshi repeated this line in her mind the uneasier she became. Something is wrong

in the copy, she said to Rohit jain, the marketing head. We cannot say best for health when we know for sure that the juice contain preservatives and food color. Rohit jain said, I don‟t see if anything is wrong in this. With food colors and preservatives added we couldn‟t say it is best. This is what is wrong m replied Ritu.

IIBM Institute of Business Management

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Examination Paper of Corporate Governance

Rohit said, but this is hyperbole and permitted by law. There is nothing wrong in saying this. Have you not almost noticed all detergent brands say for best wash or whitest wash? This is simply a way of putting your claim of brand‟s superiority. We are not talking about detergent washes and fabrics it is a health and fitness fruit juice. We could not say something like‟, a great way to plan your fitness programme‟ or something like that. We are saying real fruit, honest juice, and no sugar‟ … not a word about food color and preservatives‟. Any consumer can contest our claim.”

Rohit Jain though for a moment then said, “let us get the legal opinion from our lawyer, Amit soni, to be on the safe guard.
Amit listened to what Ritu had to say then said, “Companies use advertising to provide information to consumers and offer alternatives in a competitive market situation. Advertising is false when it says...
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