BU2009 Sustainability in Business
Sample In-Class Test Questions
What is governance?
The systems and processes of management that govern an organization’s behavior
and conduct. Governance covers accountability, auditing, transparency (openness),
reporting and disclosure, responsibilities and representation of various stakeholders
(including shareholders, board of directors, advisory boards, employees, etc.) as well
as charters, by-laws, and policies document the rights and responsibilities of all
parties. Governance often includes strategy, risk management, and compensation,
benefits, and evaluation of senior management. There is growing inclusion of
governance issues within international certification systems, such as the GRI.
Define financial capital
Forms of capital used by people, organizations, corporations, and governments, to
build and maintain their livelihoods.
Financial Capital includes all financial assets,
instruments, and resources (including loans, bonds, stock, expenses, assets, equity,