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Corporate Governance Past Papers


Subject: Corporate Governance

Time Allowed: 15 Minutes

Maximum Marks: 10

NOTE: Attempt this Paper on this Question Sheet only.  Please encircle the correct option. Division of marks is given in front of each question. This Paper will be collected back after expiry of time limit mentioned above.


Part-I Encircle the right answer, cutting and overwriting are not allowed. (10)

1. In Pakistan, Joint Stock Company is formed under the ordinance.
a. 1978
b. 1982
c. 1984
d. 1990
2. The person who manage the affairs of company are called
a. Shareholders
b. Debenture holders
c. Promoters
d. Director
3. The minimum number of directors in a Public Lid. Company are
a. Nine
b. Seven
c. Eleven
d. Two
4. The approach in which Board of Directors to work for the best interest of sharehotders. but without damaging the interest of other stakeholders is called
a. Shareholders
b. Enlightened
c. Stakeholders
d. None of these
5. The issues are discussed in Cadbury report which are related to
a. Financial Aspect of CG
b. Director’s remunerativa
c. Director’s responsibilities
d. None of these
6. What does a company issuc to get loan from the public
a. Shares
b. Debentures
c. Dividend
d. All the three
7. The beard which comprises of people who have a big name in the socicty but have no acumen for conducting a company’s business
a. Yesmenboard
b. Paper board
c. Trophy beard
d. Country Club board
8. The buard composition in which only a part of the board retires at the end of a stated tenure while the duration of each director remains fixed
a. Common tenure board
b. Unitary board
c. Staggered board
d. None of these
9. The persons who are members of the board and also an employee of the company
a. Executive director
b. Non-executive directar
c. Independent director
d. None of these
10. Revised Code of Corporate Governance issued by SECP in
a. 2001
b. 2004
c. 2008
d. 2012


Subject: Corporate Governance

Time Allowed: 2 Hours 45 Minutes

Maximum Marks: 50



Part-II Give short notes on following, each question carries equal marks. (20)

Q#1: What do you understand by “Corporate Governance’?

Q#2: What is the difference between a shareholder and a stakeholder?

Q#3: Which ts the best approach to corporate governance and why?

Q#4: What is difference between unitary board and Two-tier board?

Q#5: How is corporate governance linked with the agency theory?

Q#6: What is an ineffective board? Give example?

Q#7: Describe the sources from which the powers of board of directors can be determined?

Q#8: What are the responsibilities of Audit Committee?

Q#9: What is Creative accounting?

Q#10: Who are the real owners of the company?


Part-III Give detailed answers, each question carries equal marks. (30)

Q#1: What is the importance of corporate governance? Explain some of the corporate wrongs over the past few years. Also discuss corporate sins and some of the key issues related to corporate governance.

Q#2: Discuss the types of directors in detail.

Q#3: What are stakeholders? Classify them on the basis of their role in the company and explain why corporate governance is important for stakeholders.

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