Which of the following are listed among the IFAC's drivers for sustainable organisational success?
Select ALL that apply.

• A.Customer and stakeholder focus
• B.Effective leadership and strategy
• C.Integrated governance, risk and control
• D.Innovation and adaptability
• E.Financial management
• F.People and talent management
• G.Operational excellence
• H.Effective and transparent communication
• I.Rights and equitable treatment of shareholders
• J.Interests of other stakeholders
• K.Role and responsibilities of the board
• L.Integrity and ethical behaviour
• M.Disclosure and transparency

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Danny holds 1%, Edward 2% and Fozia 3% of the issued share capital of Vee Ltd. Which of these shareholders, acting alone or together, hold the minimum percentage to entitle them to require the company to circulate a written statement of their views to all those entitled to receive notice of the forthcoming annual general meeting?

• A.Danny and Fozia.
• B.Edward and Fozia.
• C.Fozia alone.
• D.Danny and Edward.

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Company B wants to implement ethical control over its staff. It wants to do this by implementing a strong organisational culture.
Which of the following are ways in which the organisation could exercise control in regards to its organisational culture?
Select ALL that apply.

• A.Ensure that the company's organisational systems encourage adherence to its ethics.
• B.Ensure the company's ethical expectations are thoroughly communicated.
• C.Only employ directors who have proven strong moral values.
• D.Ensure that disciplinary action is taken when the company's ethical code is broken.
• E.Ensure that the company's chairman and CEO lead by example.
• F.Introduce a statement of values which outlines what the organisation stands for.

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Which of the following is correct in relation to financial assistance for the purchase of its own shares provided by a private company?

• A.Financial assistance is a criminal offence on the part of the company
• B.In general the existing prohibition has been removed for private companies
• C.Financial assistance cannot be used where a majority shareholder is retiring
• D.The directors may be fined if they allow the company to provide financial assistance

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Which of the following is incorrect?
(i) All contracts must be in writing.
(ii) A contract to sell land must be in writing.
(iii) A contract of employment must be in writing.

• A.(i) and (iii) only
• B.(ii) and (iii) only
• C.(i), (ii) and (iii).
• D.(i) only

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