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

Actual exam question for CIMA's CIMAPRA19-E03-1 exam

Question #: 70
Topic #: 7

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?

AEstablish the company's vision, mission and values.

BRelinquish responsibility for implementation of strategy to management.

CConfirm the adequacy and alignment to strategy of internal control and risk management systems.

DEstablish strategy with regard to the risk appetite of the Organization.

Show Suggested Answer

Suggested Answer: A, C

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

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Goldie

2 days ago

I also think B is the correct answer. The Board should oversee and guide the implementation of strategy.

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Oliva

4 days ago

I agree with Barney. The Board should not just hand over responsibility for strategy implementation.

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Barney

8 days ago

I think the answer is B) Relinquish responsibility for implementation of strategy to management.

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Tamera

9 days 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

11 days 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

12 days ago

I think B) Relinquish responsibility for implementation of strategy to management is NOT the role of the Board.

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