Get New 2026 Valid Practice To your ICCGO Exam (Updated 52 Questions)
Corporate Governance Officer ICCGO Exam Practice Test Questions Dumps Bundle!
NEW QUESTION # 13
When comparing the COSO framework for risk management with the ISO 31000 international standard for risk management, in terms of the use of terminology, we find that:
- A. The COSO framework discusses some concepts and terms derived from "risk acceptance level."
- B. The ISO 31000 international standard for risk management refers to the concept of "risk tolerance" as well as "risk criteria."
- C. The ISO 31000 international standard for risk management discusses many common concepts and terms for risk management.
Answer: C
NEW QUESTION # 14
With due regard for the principle of proportionality, the board of directors' supervisory role:
- A. Includes participating in the work of the formed committees, such as the risk committee, the remuneration committee, and the nominations committee.
- B. Includes appropriately undertaking the roles of some committees, such as the risk committee, if they are not formed.
- C. Does not include undertaking any work related to the risk committee.
Answer: B
NEW QUESTION # 15
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.
Answer: A
NEW QUESTION # 16
The required quorum for the validity of the decisions of the Extraordinary General Assembly in the case of increasing capital:
- A. Decisions are issued by a majority of two-thirds of the shares represented at the meeting.
- B. Decisions are issued by a majority of one-half of the shares represented at the meeting.
- C. Decisions are issued by a majority of three-quarters of the shares represented at the meeting.
Answer: C
NEW QUESTION # 17
The legal quorum for holding the ordinary general assembly is:
- A. Second meeting: at least a quarter of the company's capital.
- B. Second meeting: The meeting is valid regardless of the number of subscribers present.
- C. Second meeting: at least half of the company's capital.
Answer: B
NEW QUESTION # 18
One of the most prominent schools that worked on developing governance principles globally is:
- A. All of the above
- B. Cadbury Rules recommendations
- C. Sarbanes-Oxley Act
Answer: C
NEW QUESTION # 19
The method of holding the ordinary General Assembly and the duration of the invitation is:
- A. The second meeting: within sixty days from the date of the previous meeting.
- B. The second meeting: within twenty days from the date of the previous meeting.
- C. The second meeting: within thirty days from the date of the previous meeting.
Answer: C
NEW QUESTION # 20
The "Agency Theory" emerged:
- A. To solve governance problems.
- B. As a result of a set of disputes and problems between those responsible for the management process and the shareholders in companies.
- C. As a result of a set of common interests between those responsible for the management process and the shareholders in companies.
Answer: B
NEW QUESTION # 21
Examples of organizational structures that companies design to implement governance rules are:
- A. The organizational structure.
- B. All of the above.
- C. The structure of the executive committee.
Answer: C
NEW QUESTION # 22
The "Three Lines of Defense" model is one of the important tools for understanding and implementing risk management in companies. The first line in this model includes:
- A. Risk management.
- B. Quality.
- C. Internal control procedures.
Answer: A
NEW QUESTION # 23
The board of directors' reality on the ground shows that a large number of countries around the world have established rules and regulations for this committee.
- A. The Review Committee
- B. The Nominations Committee
- C. The Remuneration Committee
Answer: C
NEW QUESTION # 24
It is permissible to re-elect the same members of the board of directors at the end of the current board's term, unless:
- A. This contradicts the opinion of the audit committee.
- B. This contradicts the opinion of the governance committees.
- C. This contradicts the company's basic regulations.
Answer: C
NEW QUESTION # 25
The method of holding the ordinary general assembly and the duration of the invitation shall be:
- A. First meeting: The period between the invitation and the meeting shall not be less than 21 days.
- B. First meeting: The period between the invitation and the meeting shall not be less than 20 days.
- C. First meeting: The period between the invitation and the meeting shall not be less than 30 days.
Answer: A
NEW QUESTION # 26
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 cumulative voting method.
- C. The ordinary and collective voting method.
Answer: C
NEW QUESTION # 27
Among the factors that led to the Credit Suisse crisis:
- A. Leaders staying without change for long periods.
- B. All of the above.
- C. Continuous change at the leadership level.
Answer: C
NEW QUESTION # 28
Governance helps in managing the company in a way that achieves the maximum benefit for everyone, including:
- A. Increasing the rate of employee retention.
- B. All of the above.
- C. Reducing waste, corruption, and conflicts of interest.
Answer: C
NEW QUESTION # 29
The company must disclose the information required by the corporate governance regulations issued by the Capital Market Authority. It must also disclose, for example:
- A. All of the above.
- B. The formation of the board of directors and the classification of its members as follows: an executive board member, a non-executive, or an independent board member.
- C. The names of the shareholder companies in which a board member is also a member of their board.
Answer: B
NEW QUESTION # 30
One of the most important schools that worked on developing governance principles around the world, and is considered one of the banking regulatory bodies, is:
- A. Cadbury Rules Committee
- B. Basel Committee
- C. OECD Organization for Economic Cooperation and Development for Governance
Answer: B
NEW QUESTION # 31
The Sarbanes-Oxley Act was issued by the U.S. government, and one of its positive effects is:
- A. Protecting shareholders from the transgressions of the board of directors.
- B. Reducing risks when detecting violations at the appropriate time.
- C. Enhancing the role of management and external auditors in the process of preparing financial statements.
Answer: C
NEW QUESTION # 32
The classification of independent board members includes, and among the symptoms of a lack of independence are:
- A. 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.
- B. The percentage of his ownership is 10% or more of the company's shares.
- C. He has spent more than 9 consecutive or separate years as a member of the company's board of directors.
Answer: C
NEW QUESTION # 33
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