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AGRC International Certified Corporate Governance Officer Sample Questions:

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

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

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

3. 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 individual and collective voting method.
B) The ordinary and collective voting method.
C) The ordinary and cumulative voting method.

4. Among the responsibilities of the board of directors is to ensure the application of:

A) Appropriate control systems for measuring and managing risks.
B) Control systems that cover all activities.
C) Traditional internal control systems.

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

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

Solutions: