The Best ICCGO Exam Study Material and Preparation Test Question Dumps [Q26-Q41]

The Best ICCGO Exam Study Material and Preparation Test Question Dumps

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NEW QUESTION # 26
One of the most important schools that worked on developing governance principles around the world, and is considered one of the banking regulatory bodies, is:

• A. OECD Organization for Economic Cooperation and Development for Governance
• B. Basel Committee
• C. Cadbury Rules Committee

Answer: B

NEW QUESTION # 27
The "Three Lines of Defense" model is one of the well-known tools for understanding and implementing risk management, and the first line of defense includes:

• A. Risk management
• B. Internal control procedures
• C. Internal audit

Answer: B

NEW QUESTION # 28
It is permissible to re-elect the same members of the board of directors at the end of the current board's term, unless:

• A. This contradicts the opinion of the governance committees.
• B. This contradicts the opinion of the audit committee.
• C. This contradicts the company's basic regulations.

Answer: C

NEW QUESTION # 29
There are many company obligations when receiving reports of violations, such as:

• A. Preserving all reports.
• B. None of the above.
• C. Preserving all evidence.

Answer: A

NEW QUESTION # 30
There are some obstacles to the independence of board members, such as:

• A. The member owning 3% or more of the company's shares.
• B. The member owning 5% or more of the company's shares.
• C. The member owning 10% or more of the company's shares.

Answer: C

NEW QUESTION # 31
The final internal audit report is submitted to:

• A. The risk committee and then to the audit committee.
• B. The CEO and then to the audit committee.
• C. The audit committee and then to the CEO.

Answer: C

NEW QUESTION # 32
The "Three Lines of Defense" model is one of the important tools for understanding and implementing risk management in companies. The first line in this model includes:

• A. Quality.
• B. Internal control procedures.
• C. Risk management.

Answer: C

NEW QUESTION # 33
Examples of "material developments" that must be disclosed without delay are:

• A. Any debt outside the company's normal course of business amounting to or exceeding 10% of the company's net assets.
• B. Any debt outside the company's normal course of business amounting to or exceeding 10% of the company's total assets.
• C. Any debt outside the company's normal course of business amounting to or exceeding 5% of the company's net assets.

Answer: B

NEW QUESTION # 34
Among the factors that led to the Credit Suisse crisis:

• A. Leaders staying without change for long periods.
• B. All of the above.
• C. Continuous change at the leadership level.

Answer: C

NEW QUESTION # 35
Governance helps in managing the company in a way that achieves the maximum benefit for everyone, including:

• A. Increasing the rate of employee retention.
• B. All of the above.
• C. Reducing waste, corruption, and conflicts of interest.

Answer: C

NEW QUESTION # 36
One of the most prominent schools that worked on developing governance principles globally is:

• A. Cadbury Rules recommendations
• B. Sarbanes-Oxley Act
• C. All of the above

Answer: B

NEW QUESTION # 37
The Sarbanes-Oxley Act was issued by the U.S. government, and one of its positive effects is:

• A. Protecting shareholders from the transgressions of the board of directors.
• B. Reducing risks when detecting violations at the appropriate time.
• C. Enhancing the role of management and external auditors in the process of preparing financial statements.

Answer: C

NEW QUESTION # 38
The focused voting is considered one of the ways that enable shareholders to obtain their rights and participate in the deliberations and the adoption of important decisions in the general assemblies. The methods of voting to elect board members are:

• A. The ordinary and collective voting method.
• B. The ordinary and cumulative voting method.
• C. The individual and collective voting method.

Answer: A

NEW QUESTION # 39
With due regard for the principle of proportionality, the board of directors' supervisory role:

• A. Does not include undertaking any work related to the risk committee.
• B. Includes participating in the work of the formed committees, such as the risk committee, the remuneration committee, and the nominations committee.
• C. Includes appropriately undertaking the roles of some committees, such as the risk committee, if they are not formed.

Answer: C

NEW QUESTION # 40
The "Agency Theory" emerged:

• A. As a result of a set of disputes and problems between those responsible for the management process and the shareholders in companies.
• B. As a result of a set of common interests between those responsible for the management process and the shareholders in companies.
• C. To solve governance problems.

Answer: A

NEW QUESTION # 41
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AGRC ICCGO Exam Syllabus Topics:

Topic	Details
Topic 1	Examining Examples of Corporate Governance Reports of Some Organizations: This section of the exam measures the skills of Corporate Governance Consultants and covers reviewing real-world examples of governance reports from different organizations to understand practical applications.
Topic 2	Corporate Governance Determinants and Principles: This section of the exam measures the skills of Internal Auditors and covers the main factors that shape governance frameworks and the guiding principles that ensure accountability and fairness in decision-making.
Topic 3	Financial and Administrative Corruption: This section of the exam measures the skills of Internal Auditors and covers common forms of corruption, their effects on organizations, and the role of monitoring systems in detecting them.
Topic 4	Corporate Governance Report Preparation: This section of the exam measures the skills of Corporate Governance Consultants and covers the process of drafting governance reports in line with established standards.
Topic 5	Corporate Governance Report Components: This section of the exam measures the skills of Internal Auditors and covers the essential components that form a standard corporate governance report for organizational review.
Topic 6	Internal Audit: This section of the exam measures the skills of Corporate Governance Consultants and covers the purpose of internal audit functions in monitoring compliance and strengthening governance practices.
Topic 7	Risk Sources and Impact Assessment: This section of the exam measures the skills of Internal Auditors and covers the identification of risk sources and how their potential impacts on business operations are assessed.
Topic 8	Anti-Corruption Mechanisms: This section of the exam measures the skills of Corporate Governance Consultants and covers preventive measures and mechanisms that organizations adopt to curb corruption and enhance credibility.
Topic 9	Parties Involved in Corporate Governance: This section of the exam measures the skills of Corporate Governance Consultants and covers the various stakeholders, including boards, management, and shareholders, who play a role in governance structures.
Topic 10	Corporate Governance: Transparency and Disclosure: This section of the exam measures the skills of Internal Auditors and covers the importance of transparent communication, financial disclosures, and ethical practices in building trust.
Topic 11	Corporate Governance Sample Report Preparation: This section of the exam measures the skills of Internal Auditors and covers preparing sample governance reports to demonstrate compliance and best practices.

 

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