1. What is a “corporate director”? When will a corporatedirector be allowed for a company registered in Hong Kong? Why is acorporate director not favorably regarded by regulatory bodies suchas the Financial Action Task Force? (5 marks)
2. Why is it important to ensure that company disclosure shouldbe fair in the capital market? What are the responsibilities of acompany secretary in corporate disclosure? (5 marks)
3. Contrast Milton Friedman’s view of corporate socialresponsibility (CSR) with that of Archie Carroll (Academy ofManagement Review, 1979)? What are the roles of directors on CSRunder the new Companies Ordinance? (5 marks)
4. What are the differences of the following directors? Explainthe roles played by them relating to corporate governance: a.Executive directors b. Nonexecutive directors b. Independentnonexecutive directors (5 marks)
5. What are the implications on corporate governance under thefollowing theories: i) transaction cost economics, ii) resourcedependence theory? (5 marks)