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CIMAPRA17-BA4-1 Exam - Topic 5 Question 6 Discussion

Corporate governance codes may either be rules-based or principles-basedWhich of the following statements correctly describes a rules-based approach to corporate governance?
D) A rules-based approach instils the code into law with appropriate penalties for transgression.
A) A rules-based approach requires that a company complies with the rules or explains why it has not.
B) A rules-based approach instils the code into law but leaves the sanctions for non-compliance to be decided and enforced by the shareholders.
C) A rules-based approach instils the code into law but encourages compliance with the spirit of the law.

CIMAPRA17-BA4-1 Exam - Topic 5 Question 6 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 6
Topic #: 5
[All CIMAPRA17-BA4-1 Questions]

Corporate governance codes may either be rules-based or principles-based

Which of the following statements correctly describes a rules-based approach to corporate governance?

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Suggested Answer: D

by Viva at May 03, 2022, 08:38 AM

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Jade
8 months ago
Actually, I thought it was more about explaining non-compliance.
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Charlene
9 months ago
I think it also involves penalties for not following the rules.
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Katheryn
9 months ago
Wait, are we sure about that? Sounds too rigid.
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Laila
9 months ago
Totally agree, it's all about following the rules!
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Carolann
9 months ago
A rules-based approach means strict compliance with set rules.
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Kimi
9 months ago
Hmm, I'm a bit confused by the wording of the question. I'll need to re-read it a few times to make sure I understand exactly what it's asking for.
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Dan
10 months ago
I'm a bit unsure about this one. Might need to review the NVMe protocol details to be sure.
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