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AGRC International Certified Corporate Governance Officer Sample Questions:

1. Among the most important schools that have worked on developing governance principles around the world and have highlighted the importance of including at least three non-executive members in the board of directors are:

A) OECD Principles of Corporate Governance
B) Cadbury Rules Recommendations
C) King IV Report Principles for Governance

2. There are several differences between governance and management, and it can be said that:

A) Executives and managers make their decisions individually.
B) All of the above.
C) The board of directors makes its decisions individually.

3. The difference between the COSO framework for enterprise risk management and the ISO 31000 international standard for risk management, in terms of the "risk management process" is that:

A) The ISO 31000 methodology for risk management is a non-traditional process.
B) The COSO framework focuses heavily on the practical steps of the risk management process.
C) The COSO framework focuses more on setting conceptual frameworks for risk management.

4. The specializations and responsibilities of the audit committee can be summarized in:

A) Submitting to the board issues that the committee deems necessary to take action on, supported by its recommendations and the procedures that the board must take.
B) Internal audit and external audit.
C) Financial reports, internal audit, external audit, and compliance.

5. There are several strategies for dealing with risks, such as the "risk implementation strategy," which means:

A) Taking planned and necessary measures to prevent risks from affecting the organization.
B) Implementing a work plan to confront a significant increase in risks that exceeds the acceptable amount.
C) Implementing a risk removal plan through, for example, insurance contracts.

Solutions: