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CIMAPRA19-E03-1 Exam - Topic 7 Question 70 Discussion

You are the youngest member of the senior management team and have recently been invited to become a member of the company'sBoard.You have been sent an outline agenda ahead of your Boardinduction meeting with the Company Secretary. The first item on the agenda is the role of the Board.Which of the following statementsis NOTthe role of the Board?
A) Establish the company's vision, mission and values. and C) Confirm the adequacy and alignment to strategy of internal control and risk management systems.
B) Relinquish responsibility for implementation of strategy to management.
D) Establish strategy with regard to the risk appetite of the Organization.

CIMAPRA19-E03-1 Exam - Topic 7 Question 70 Discussion

Actual exam question for CIMA's CIMAPRA19-E03-1 exam
Question #: 70
Topic #: 7
[All CIMAPRA19-E03-1 Questions]

You are the youngest member of the senior management team and have recently been invited to become a member of the company'sBoard.

You have been sent an outline agenda ahead of your Boardinduction meeting with the Company Secretary. The first item on the agenda is the role of the Board.

Which of the following statementsis NOTthe role of the Board?

Show Suggested Answer Hide Answer
Suggested Answer: A, C

by Ceola at Jul 04, 2023, 10:55 PM

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Tammy
10 months ago
D makes sense; risk appetite is crucial for strategy.
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Genevive
10 months ago
Wait, are we really saying the Board can just give up on strategy?
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Rebbecca
10 months ago
C sounds like a key role for the Board too.
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Makeda
10 months ago
I think B is the right answer. They shouldn't just hand off responsibility.
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Selma
10 months ago
The Board definitely sets the vision and values.
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Glynda
11 months ago
I feel like option D is also a key responsibility for the Board, but I can't quite recall if they fully relinquish strategy to management.
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Arthur
11 months ago
I practiced a similar question where we had to identify the Board's roles, and I think confirming internal controls is definitely part of their duties.
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Katy
11 months ago
I'm a bit unsure about option B. I thought the Board still had some oversight on strategy implementation, but maybe I'm mixing it up with management's role.
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Johana
11 months ago
I remember discussing the Board's responsibilities in class, and I think they definitely establish the company's vision and mission.
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Louvenia
11 months ago
This question seems straightforward - it's asking about how to handle communication in an agile environment when an issue arises. I think the key is to promote transparency and collaboration, so I'm leaning towards option B.
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Yong
11 months ago
Hmm, I'm a bit unsure about this one. I think I need to re-read the question carefully to make sure I understand exactly what it's asking for. Let me take another look.
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Mozell
11 months ago
Hmm, this is a tricky one. There are a lot of moving parts with the real-time analytics, historical data, clickstream, and recommendations. I'm not entirely sure which combination of services would be the best fit, but I'll need to think through the pros and cons of each option.
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Herminia
1 year ago
The board meeting agenda: where the fate of the company hangs in the balance, and the debate over biscuits or croissants is just as intense.
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Rasheeda
1 year ago
Vision, mission, and values? That's like the holy trinity of corporate governance. Hands off that one, board!
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Gennie
1 year ago
D) Establish strategy with regard to the risk appetite of the Organization.
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Justine
1 year ago
C) Confirm the adequacy and alignment to strategy of internal control and risk management systems.
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Patrick
1 year ago
C) Confirm the adequacy and alignment to strategy of internal control and risk management systems.
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Skye
1 year ago
B) Relinquish responsibility for implementation of strategy to management.
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Val
1 year ago
A) Establish the company's vision, mission and values.
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Marica
1 year ago
B) Relinquish responsibility for implementation of strategy to management.
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Rebecka
1 year ago
A) Establish the company's vision, mission and values.
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Joanna
1 year ago
Confirming the adequacy of internal controls? That's a no-brainer. Unless the board wants the company to turn into a financial dumpster fire.
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Kaitlyn
1 year ago
Establishing strategy with regard to risk appetite? That's the board's bread and butter, not something to be overlooked.
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Nikita
1 year ago
C) Confirm the adequacy and alignment to strategy of internal control and risk management systems.
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Janine
1 year ago
C) Confirm the adequacy and alignment to strategy of internal control and risk management systems.
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Latia
1 year ago
B) Relinquish responsibility for implementation of strategy to management.
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Fausto
1 year ago
B) Relinquish responsibility for implementation of strategy to management.
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Dorcas
1 year ago
A) Establish the company's vision, mission and values.
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Leatha
1 year ago
A) Establish the company's vision, mission and values.
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Penney
1 year ago
Seriously? Relinquishing responsibility to management? That's like giving the fox the keys to the henhouse!
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Theron
1 year ago
D) Establish strategy with regard to the risk appetite of the Organization.
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Earleen
1 year ago
D) Establish strategy with regard to the risk appetite of the Organization.
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Ona
1 year ago
C) Confirm the adequacy and alignment to strategy of internal control and risk management systems.
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Bernardo
1 year ago
C) Confirm the adequacy and alignment to strategy of internal control and risk management systems.
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Felicidad
1 year ago
B) Relinquish responsibility for implementation of strategy to management.
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Rozella
1 year ago
B) Relinquish responsibility for implementation of strategy to management.
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Dante
1 year ago
A) Establish the company's vision, mission and values.
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Willard
1 year ago
A) Establish the company's vision, mission and values.
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Goldie
1 year ago
I also think B is the correct answer. The Board should oversee and guide the implementation of strategy.
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Oliva
1 year ago
I agree with Barney. The Board should not just hand over responsibility for strategy implementation.
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Barney
1 year ago
I think the answer is B) Relinquish responsibility for implementation of strategy to management.
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Tamera
1 year ago
I also believe that A) Establish the company's vision, mission and values is a key role of the Board. So, B) must be the correct answer.
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Marvel
1 year ago
I agree with Dorian. The Board should be involved in setting the strategy, not just handing it off to management.
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Dorian
1 year ago
I think B) Relinquish responsibility for implementation of strategy to management is NOT the role of the Board.
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