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AGRC International Certified Corporate Governance Officer Sample Questions:

1. The focused voting is considered one of the ways that enable shareholders to obtain their rights and participate in the deliberations and the adoption of important decisions in the general assemblies. The methods of voting to elect board members are:

A) The ordinary and collective voting method.
B) The ordinary and cumulative voting method.
C) The individual and collective voting method.

2. The classification of independent board members includes, and among the symptoms of a lack of independence are:

A) He receives a financial amount as a bonus in addition to the remuneration for his board membership or any of its committees that exceeds 250,000 riyals or 50% of his remuneration in the previous year.
B) The percentage of his ownership is 10% or more of the company's shares.
C) He has spent more than 9 consecutive or separate years as a member of the company's board of directors.

3. The required quorum for the validity of the decisions of the Extraordinary General Assembly in the case of increasing capital:

A) Decisions are issued by a majority of three-quarters of the shares represented at the meeting.
B) Decisions are issued by a majority of one-half of the shares represented at the meeting.
C) Decisions are issued by a majority of two-thirds of the shares represented at the meeting.

4. Examples of "material developments" that must be disclosed without delay are:

A) Any debt outside the company's normal course of business amounting to or exceeding 10% of the company's total assets.
B) Any debt outside the company's normal course of business amounting to or exceeding 5% of the company's net assets.
C) Any debt outside the company's normal course of business amounting to or exceeding 10% of the company's net assets.

5. With due regard for the principle of proportionality, the board of directors' supervisory role:

A) Does not include undertaking any work related to the risk committee.
B) Includes appropriately undertaking the roles of some committees, such as the risk committee, if they are not formed.
C) Includes participating in the work of the formed committees, such as the risk committee, the remuneration committee, and the nominations committee.

Solutions: