CFA ESG Exam - Governance Exam Questions & Answers Correct 100%

What were the two major scandals in 2003 in Europe that caused major reassessment of continent's approach to governance? - Answer Ahold and Parmalat What did the Greenbury report conclude? - Answer Performance related pay in long-term schemes should be released over a minimum of three years Within the EU, how often are public companies required to change their audit company? - Answer Every 20 years What does an AGM address: - Answer Board structure, audit and oversight, executive pay, executive appointments Which scandals caused the Corporate Code emersion in 1992 UK? - Answer Polly Peck, Caparo, Maxwell, Bank of Credit and Commerce International How many statutory auditors does Japan, Taiwan, and South Korea have? - Answer 5 + an independent audit firm that assures the account When are AGMs held most frequently in Japan? - Answer July Why was the US Public Company Accounting Oversight Board (PCAOB) created? - Answer In response to the Sarbanes-Oxley Act legislation. What countried have a single tier board? - Answer UK, USA, Japan, France