Second-Best practices | Social Responsibility | Courting Oppression | Agency | Principles-Based Securities Regulation |
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Toronto stock exchange
What does TSX stand for?
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International Organization for Standardization
What does ISO stand for?
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Canadian Business Corporations Act
What does CBCA stand for?
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Combined code
The FRC has formulated a ____ Code on corporate governance.
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Global Financial Crisis
What does GFC stand for?
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True
One challenge to be confronted for corporate governance is transparency. True or False?
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False!!!
Canadian corporations have shown a big appetite for social reporting. True or False?
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Remedy
It is a common maxim of the law that there is no right without a ____?
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False!
Under the democratic model of corporate governance there is not a compelling need to create and empower a public regulatory body. True or False?
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Market
The lack of diversity and independence among regulators and industry may have contributed to over reliance on ____ discipline?
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To disclose accurate and full information of financial matters to shareholders
What is the basic obligation on corporations?
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Health and Safety
Social reporting could include the effects of a corporations products on consumer ___ and ___.
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True!
The CBCA was based on the Dickerson Report of 1971. True or False?
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Securities regulators
Who performs the bulk of regulation in regards to corporate governance?
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False!
Legislators are in the best position to develop detailed guidelines for industry conduct. True or False?
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Misrepresentations or omissions
Recent statutory amendments by the OSC require that CEOs and CFOs of all Canadian public companies personally certify that their annual filings contain no ____ or ____.
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European Union
What part of the world has introduced legislative and regulatory measures which demand that corporations publicly disclose the social impact of their activities?
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British Columbia
What province was the oppression remedy first introduced in?
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Fourteen
In Canada, how many corporate law regimes are there?
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Transparency, Accessibility, Congruence
Colin Diver identified three elements of regulatory precision. Name two.
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Provincial securities regulators
These are administrative bodies established by the state and given considerable powers of enforcement
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To insure that a broader range of social interests are taken into account in a corporation.
What is the central import of the democratic approach to corporate governance?
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Shareholder rather than a Stakeholder
Employees can proceed with oppression remedies based on their status as a ____ rather than a ____.
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Securities and Exchange commission (SEC)
What is the primary agency for overseeing corporate governance in the United States?
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Precise and Certain
Two Pros of having a rules-based regulatory system?
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