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PRMIA Case Studies; Standards: Governance, Best Practices and Ethics Exam

Certification Provider: PRMIA
Exam Name: Case Studies; Standards: Governance, Best Practices and Ethics
Number of questions in our database: 110
Exam Version: Apr. 04, 2024
Exam Official Topics:
  • Topic 1: Single Topic
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Free PRMIA Case Studies; Standards: Governance, Best Practices and Ethics Exam Actual Questions

The questions for Case Studies; Standards: Governance, Best Practices and Ethics were last updated On Apr. 04, 2024

Question #1

PRMIA Governance Principles

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Correct Answer: B

Question #2

Boards of Directors, including Audit and Risk Committees must review thoroughly compensation plans of potentially "highly compensated positions" for:

I competitive market conditions

II ensuring compliance with their corporate risk appetite and fiduciary responsibility to shareholders

III ensuring any discretionary bonus plans are geared towards keeping high income / revenue generators

IV reporting all such personnel to the local regulator

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Correct Answer: D

Question #3

The Risk Management Infrastructure of an organization must:

I To the extent possible, avoid silos of control and oversight

II Have budgets set by the business unit leaders

III Actively provide ongoing professional development for risk management staff and require them to be committed to standards of best practice, conduct and ethics in their work

IV Provide general risk management and related corporate governance training for employees of the organization as a Whole

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Correct Answer: B

Question #4

Boards of Directors, including Audit and Risk Committees must review thoroughly compensation plans of potentially "highly compensated positions" for:

I competitive market conditions

II ensuring compliance with their corporate risk appetite and fiduciary responsibility to shareholders

III ensuring any discretionary bonus plans are geared towards keeping high income / revenue generators

IV reporting all such personnel to the local regulator

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Correct Answer: D

Question #5

Which of the following should NOT be part of the Risk Management Infrastructure?

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Correct Answer: D


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