Question 1

The classification of independent board members includes, and among the symptoms of a lack of independence are:

AThe percentage of his ownership is 10% or more of the company's shares.

BHe has spent more than 9 consecutive or separate years as a member of the company's board of directors.

CHe 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 : B

Question 2

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

AThe structure of the executive committee.

BThe organizational structure.

CAll of the above.

Answer : A

Question 3

The specializations and responsibilities of the audit committee can be summarized in:

AFinancial reports, internal audit, external audit, and compliance.

BInternal audit and external audit.

CSubmitting to the board issues that the committee deems necessary to take action on, supported by its recommendations and the procedures that the board must take.

Answer : A

Question 4

Trust, integrity, objectivity in the company's management procedures, and proper disclosure in a timely manner are among the most important principles of governance, which are called:

AThe Principle of Justice

BThe Principle of Transparency

CThe Principle of Independence

Answer : B

Question 5

The method of holding the ordinary general assembly and the duration of the invitation shall be:

AFirst meeting: The period between the invitation and the meeting shall not be less than 20 days.

BFirst meeting: The period between the invitation and the meeting shall not be less than 21 days.

CFirst meeting: The period between the invitation and the meeting shall not be less than 30 days.

Answer : B

Free Practice Questions for AGRC ICCGO Exam

Question 1

Question 2

Question 3

Question 4

Question 5