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AGRC International Certified Corporate Governance Officer Sample Questions:

1. 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) OECD Organization for Economic Cooperation and Development for Governance
B) Basel Committee
C) Cadbury Rules Committee

2. The "Three Lines of Defense" model is one of the important tools for understanding and implementing risk management in companies. The second line in this model includes:

A) All of the above.
B) Financial oversight.
C) Governance and compliance.

3. 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.

4. 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) Quality.
B) Internal control procedures.
C) Risk management.

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

Solutions: