ACC112: CORPORATE GOVERNANCE, BUSINESS ETHICS,

RISK MANAGEMENT AND INTERNAL CONTROL

Student Activity Sheet Module #2

Name: John Lorenz M. Dayanghirang Class number: 019-

0059
Section: A-A8 Schedule: Monday 1:00-3:00 PM
Date: Aug/24/2021

A. LESSON PREVIEW/REVIEW
1) Introduction (2 mins)
Create a quote that makes use of the statement, “a body without a soul”.

Maybe some of you might think, “Me without you is like a body without a soul”.

Just as how important the soul for the body is, so with the governance. In this module,
we will learn the importance of governance in any organization and the principles
required for an effective corporate governance.

2) Activity 1: What I Know Chart, part 1 (3 mins)

If you hear the word governance, what comes to your mind? Try answering the
questions below by writing your ideas under the first column What I Know. It’s okay if
you write key words or phrases that you think are related to the questions.

What I Know Questions: What I Learned (Activity 4)

Governance is way of What is governance?

controlling or managing
organisation be which
people are held account.

The Good Governance List down at least 3 characteristic

characteristic that an of good governance you think an
effective organization must effective organization must have.
have are:

Participation

Accountability

Transparency

Transparency means What is transparency?

you’re not hiding anything,
 that you are open.

1) Activity 3: Skill-building Activities (18 mins + 2 mins checking)

Explain whether the statement if true or false.
“Governance is exercised only by the government of a country”.
False. Since the idea of governance relies upon on the extent of governance that
changed into talked about, the desires to be carried out and approached being
followed. Hence governance may be utilized in numerous contexts along with
corporate governance, international governance, national governance and local
governance. Governance does not limit only to the government of a country.
Governance can also be applied even if you’re not in politics. Exercising of
governance help organizations effectively and efficiently allocate resources to
achieve good results. With that, I disagree that governance is exercised only by
the government of a country.

2) Activity 4: What I Know Chart, part 2 (2 mins)

For this part, review the questions in the What I Know Chart from Activity 1 and write
your answers to the questions based on what you now know in the third column of the
chart.
What I Know Questions: What I Learned (Activity 4)

What is governance? Governance is the

process in which they
encompasses the device
via way of means of
which an organisation is
managed and operates,
and the mechanisms
through which it, and its
people, are held to
account. Ethics, risk
management, compliance
and management are all
factors of governance.
 List down at least 3 characteristic I think the 3 characteristic of
of good governance you think an good governance that an
effective organization must have. effective organization must
have are:

Transparency in which they

don’t hiding something and
they are all open

Equity and Inclusiveness for

the employee know they are
accepted and they have the
opportunity to grow as
themselves.

And lastly, Accountability

because they have their
words that they are
accountable on what their
decisions outcome that
would affect the
organization as a whole.

What is transparency? Transparency is the openness

and the information is freely
available and directly
accessible to those who will
be affected by such
decisions and their
enforcement.

3) Activity 5: Check for Understanding (5 mins)

1. Which of the following is primary objective of corporate governance?
a. To determine and control the strategic direction of an organization, so that the top
executives are focused on maximizing corporate profits.
b. To ensure that the interest of top-level managers is aligned with the interests of
shareholders.
c. To lobby legislators to pass laws that is aligned with the organization’s interest.
d. resolve conflict among corporate employees.

2. Shareholder value is
a. the firm’s free cash flow.
b. total revenue of the firm.
c. determined by the size of the firm.
d. reflected in the price of the stock.
3. The characteristic of good governance where fair legal framework is enforced
impartially
a. Participation
b. Equity
c. Rule of Law
d. Accountability
4. The primary stakeholders are
 a. Suppliers
b. Shareholders
c. Creditors
d. Customers
5. The following best describes transparency as characteristic of good governance
except?
a. This means easy access to information to all concerned and especially to those being
affected by the decisions made.
b. All decisions are taken and enforced in such a manner that all rules and regulations
are followed.
c. Processes and institutions should serve all stakeholders within a reasonable time
frame.
d. Information is available to the media.
. LESSON WRAP-UP
1) Activity 6: Thinking about Learning (5 mins)
Congratulations for finishing this module! Shade the number of the module that you
finished.

Did you have challenges learning the concepts in this module? If none, which parts of the
module helped you learn the concepts?
There is some challenges, though those doesn’t stop me from learning, it’s our new way of
learning now.

Some question/s I want to ask my teacher about this module is/are:

Does really transparency could make an organization have good governance? In your own
opinion would you include rule of law?