______ is a system of direction, feedback and control using regulations, performance standards and ethical guidelines to hold the Board and senior management accountable for ensuring ethical behavior. Corporate governance true Code of Business Conduct and Ethics false Revised Corporation Code false The Securities and Exchange Commission false Single Regulatory authorities describe corporate business broadly to include _______and responsibility to society. ethical behavior true sustainable development false Value chain process false both a and c false Single Which governance principle states that the Board of directors are duty-bound to apply high ethical standards? Principle 7 true Principle 9 false Principle 12 false Principle 16 false Single This is an important tool to instill an ethical corporate culture that pervades throughout the company especially on the board level. Code of Ethics false Code of Business Conduct and Ethics true Code of Corporate Governance false Revised Corporation Code false Single The ______ has the primary duty to make sure that the internal controls are in place to ensure the company’s compliance with the Code of Business Conduct and Ethics. Board true director false president false none of the above false Single Its purpose is “to promote the development of a strong corporate governance culture.” SEC Memorandum Circular No. 7 false SEC Memorandum Circular No. 16 false SEC Memorandum Circular No. 20 false SEC Memorandum Circular No. 24 true Single Which of the following is a regulator for corporations? Corporate governance) false Code of Business Conduct and Ethics false Revised Corporation Code false Securities and Exchange Commission (SEC) true Single ______ is defined as the system of stewardship and control to guide corporations in fulfilling their long-term economic, moral, legal and social obligations towards their shareholders/members and other stakeholders. corporate governance true Code of Business Conduct and Ethics false Revised Corporation Code false The Securities and Exchange Commission false Single Which governance principle states that the company should be socially responsible in all its dealings with the communities where it operates? Principle 7 false Principle 9 false Principle 12 false Principle 16 true Single This happens when a company not only complies with existing regulations, but also voluntarily employs value chain processes. ethical behavior false Sustainable development true Value chain process false both a and c false Single