OECD Principles of Corporate Governance Since they were issued in 1999‚ the OECD Principles of Corporate Governance have gained worldwide recognition as an international benchmark for good corporate governance. They are actively used by governments‚ regulators‚ investors‚ corporations and stakeholders in both OECD and non-OECD countries and have been adopted by the Financial Stability Forum as one of the Twelve Key Standards for Sound Financial Systems. The Principles are intended to assist in the
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have good administrative controls. Administrative controls include: A. B. C. D. the reconciliation of the bank statement. the accuracy of the recording procedures. assessing compliance with company policies. maintenance of accurate inventory records. 2. Which of the following statements concerning internal controls is true? A. Internal administrative controls are designed to limit the amount of funds spent on investments. B. The control procedure‚ separation of duties‚ prohibits the employment
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In the novel Wonder by R. J. Palacio‚ the reader gets to experience the disadvantage of a birth defect on the outside of his body‚ and they get to see how badly this defect affects August Pullman. August knows all the names everyone calls him when he’s not around “Ratboy. Freak. Monster. Freddy Krueger. E.T. Gross-out. Lizard face. Mutant.” (Palacio 79) August knows that everyone says mean things about him behind his back‚ he tries not to let anyone know that he hears them‚ and that the comments
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enthusiasm” –Winston S. Churchill. Failure is inevitable‚ one is bound to meet this dreaded ‘F’ word eventually. Failure is defined as having a lack of accomplishment. Everyone has or will experience failure‚ what you take from it will determine your success. Influential people such as Michael Jordan‚ J.K. Rowling‚ and Thomas Edison all experienced failure in their lives. J.K. Rowling‚ author of the famous Harry Potter series described herself as the “biggest failure she knew”‚ Michael Jordan was cut from
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7/23/14 Core Security Principles CIA (Confidentiality‚ Integrity‚ Availability) /_\ sometimes seen as a Triangle. You can never have a perfect balance amongst the three‚ ever. A change in any of the three‚ changes all of them. Confidentiality Prevent unauthorized disclosure Only viewable by authorized users Methods: One method is to combine authentication with access controls Authentication: Verifying the identity of an individual. Passwords‚ ID‚ Biometrics‚ Security Badge‚ Digital
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information system functions is the: A. B. C. D. E. treasurer. director. controller. chairman of the board. chief executive officer. 2. The person generally directly responsible for overseeing the cash and credit functions‚ financial planning‚ and capital expenditures is the: A. B. C. D. E. treasurer. director. controller. chairman of the board. chief operations officer. 3. The process of planning and managing a firm’s long-term investments is called: A. B. C. D. E. working capital management. financial
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avid reader and never fails to recognise the author’s effort when writing a book. Having always enjoyed the books recommended in the ERP reading list‚ I felt compelled to recommend the book‚ Wonder by Raquel Jaramillo‚ also known under the pen name of R. J. Palacio‚ to be added to the reading list for P6 mainstream students when I finished reading it. I found it to be such a heartwarming read from the shifting points of view to character development‚ vocabulary‚ and theme. The book is artistically woven
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J.R.R Tolkien a Wizard The Hobbit and the trilogy‚ The Lord of the Rings‚ are famous books written by J.R.R. Tolkien and have inspired and sparked the minds of readers for generations. Even though J.R.R. Tolkien is deceased‚ his legend still lives on. Monsters‚ dragons‚ Orcs‚ Hobbits‚ and dwarves are just a few of the magical creatures in his fantastical stories. Creating creatures and the ingenuity to bring them to life on paper was a skill Tolkien certainly excelled in. Today‚ J.R.R Tolkien is
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To what extent does a mature and cyclical product market drive corporate restructuring? Use an extended example to discuss whether restructuring transforms market and financial performance. An organization which is operating in a mature market means that the product does not have the scope to grow anymore. The product has reached its peak‚ with no prospects to increase‚ as the product is has become most popular in the market and no one else will be willing to buy it. A cyclical market is one which
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Assume that Constant Dividend Growth Model and CAPM give you the same estimate of the cost of capital for equity‚ what is the beta of its stock? By the Constant Dividend Growth Model: Cost of Equity = D/P+g = 0.2/20+6%=7% By CAPM‚ cost of equity = R(f)+ beta * market risk premium = 3% + beta* 4%‚ Set this to be equal to 7%‚ solve for beta: beta=1 3. Firm ABC has a cost of equity of 8%‚ a cost of debt of 5%. It stock is traded at $10/share‚ and has 10 million shares outstanding. Its debt value
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