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AGRC International Certified Corporate Governance Officer Sample Questions:

1. 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 5% of the company's net assets.
C) Any debt outside the company's normal course of business amounting to or exceeding 10% of the company's total assets.

2. Examples of organizational structures that companies design to implement governance rules are:

A) The structure of the executive committee.
B) The organizational structure.
C) All of the above.

3. Board members are evaluated annually, and the evaluation includes a set of axes:

A) Skills and work mechanisms and performance, individual evaluation for board members, and periodic evaluation for the chairman of the board.
B) Skills and work mechanisms and performance, collective evaluation for board members, and individual evaluation for the chairman of the board.
C) Skills and work mechanisms and performance, individual evaluation for board members, and collective evaluation for the chairman of the board.

4. When comparing the COSO framework for risk management with the ISO 31000 international standard for risk management, in terms of the use of terminology, we find that:

A) The ISO 31000 international standard for risk management refers to the concept of "risk tolerance" as well as "risk criteria."
B) The ISO 31000 international standard for risk management discusses many common concepts and terms for risk management.
C) The COSO framework discusses some concepts and terms derived from "risk acceptance level."

5. Among the duties of the board of directors in family companies are:

A) Ensuring the efficiency of internal control and risk management.
B) All of the above.
C) Monitoring the performance of the management and ensuring the availability of financial resources.

Solutions: