100% Pass Quiz AGRC - ICCGO Updated Latest Test Braindumps
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AGRC International Certified Corporate Governance Officer Sample Questions (Q23-Q28):
NEW QUESTION # 23
When forming the board of directors, it must be:
- A. The majority of the members are non-executive and the number of independent members is no less than three or one-third of the total members of the board, whichever is greater.
- B. The majority of the members are non-executive and the number of independent members is no less than
2 or one-third of the total members of the board, whichever is less. - C. The majority of the members are non-executive and the number of independent members is no less than
2 or one-third of the total members of the board, whichever is greater.
Answer: A
NEW QUESTION # 24
Reducing conflicts of interest between the General Assembly, the Board of Directors, and the executive managers is:
- A. One of the results of the availability of internal and external factors affecting corporate governance.
- B. One of the results of the availability of external factors affecting corporate governance.
- C. One of the results of the availability of internal factors affecting corporate governance.
Answer: A
NEW QUESTION # 25
In the context of conflicts of interest, a member of the board of directors is allowed to have a direct or indirect interest in the business and contracts conducted on behalf of the company, provided that:
- A. An annual license is obtained from the General Assembly.
- B. An annual license is obtained from the board of directors.
- C. An annual license is obtained from the Chairman of the board of directors.
Answer: C
NEW QUESTION # 26
The company must disclose the information required by the governance regulations issued by the Capital Market Authority, just as it must disclose, for example, the remunerations paid in the form of rewards, attendance allowances, other wages, etc., for each of:
- A. The Chairman and members of the board
- B. Committee members and the five highest-paid executives
- C. All of the above
Answer: C
NEW QUESTION # 27
The classification of independent board members includes, and among the symptoms of a lack of independence are:
- A. He has spent more than 9 consecutive or separate years as a member of the company's board of directors.
- B. The percentage of his ownership is 10% or more of the company's shares.
- C. He receives a financial amount as a bonus in addition to the remuneration for his board membership or any of its committees that exceeds 250,000 riyals or 50% of his remuneration in the previous year.
Answer: A
NEW QUESTION # 28
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