FRM 2026 Part I Foundations of Risk Management Corporate Governance Free Quiz 1

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FRM 2026 Part I Foundations of Risk Management Corporate Governance Free Quiz 1

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FRM 2026 Part I Foundations of Risk Management Corporate Governance Free Quiz 1

Practice FRM 2026 Part I Foundations of Risk Management MCQs from Corporate Governance. Get instant results with Explanation.

General10 MCQs

1. What is corporate governance?

A. Corporate governance is the same as managementB. Corporate governance is the system of direction and control of companiesC. Corporate governance only applies to listed companiesD. Corporate governance is not regulated

2. What is the role of the board of directors in corporate governance?

A. The board of directors is responsible for governance and strategic directionB. The board of directors is only responsible for financial mattersC. The board of directors is not accountable to shareholdersD. The board of directors is the same as management

3. What is the recommendation regarding the Chair and CEO roles?

A. The Chair and CEO can be the same person without issueB. Separation of Chair and CEO is not a governance principleC. The Chair is appointed by the CEOD. Good governance recommends separating the roles of Chair and CEO

4. What is the role of non-executive directors?

A. Non-executive directors are executive managersB. Non-executive directors provide independent oversight and challengeC. Non-executive directors are not part of the boardD. Non-executive directors are responsible for day-to-day operations

5. What is the role of the audit committee?

A. The audit committee is responsible for managing the companyB. The audit committee oversees financial reporting, internal controls, and external auditC. The audit committee is composed of executive directorsD. The audit committee is optional

General10 MCQs

6. What is the role of the remuneration committee?

A. The remuneration committee sets pay for all employeesB. The remuneration committee is composed of executive directorsC. The remuneration committee sets pay for executive directors and senior managementD. The remuneration committee is not required by governance codes

7. What is the role of the nomination committee?

A. The nomination committee recommends candidates for board positionsB. The nomination committee is responsible for all hiring in the companyC. The nomination committee is composed of executive directorsD. The nomination committee is optional

8. What is the "comply or explain" principle?

A. "Comply or explain" means companies must comply with all provisionsB. "Comply or explain" is not part of the UK governance regimeC. "Comply or explain" means companies can ignore the code without consequenceD. "Comply or explain" requires companies to explain deviations from the code

9. What is the importance of stakeholder engagement in corporate governance?

A. Corporate governance only focuses on shareholder interestsB. Corporate governance should include stakeholder engagement for long-term sustainabilityC. Corporate governance does not consider stakeholdersD. Stakeholder engagement is not part of corporate governance

10. What is the duty under s.172 of the Companies Act 2006?

A. Section 172 requires directors to promote the success of the company for members as a wholeB. Section 172 only applies to listed companiesC. Section 172 is not a legal dutyD. Section 172 requires directors to prioritise shareholders above all others

📋 FRM - Test Online Practice Quizzes

FRM

Conducting Body: Global Association of Risk Professionals GARP

Frequency: three times a year: May, August, and November | Time: 240 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 100 MCQs):

Foundations of Risk Management: 25 MCQs
Quantitative Analysis: 25 MCQs
Financial Markets and Products: 25 MCQs
Valuation and Risk Models: 25 MCQs

Merit Formula: -

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