PROFESSIONAL ETHICS AND GOVERNANCE  APRIL 2023 PAST PAPER

MONDAY: 24 April 2023. Afternoon Paper. Time Allowed: 3 hours.
Answer ALL questions. Marks allocated to each question are shown at the end of the question. Do NOT write anything on this paper.

QUESTION ONE

1. Outline FIVE differences between “code of conduct” and “code of ethics”. (5 marks)

2. Define the term “conscience” as applied to professional ethics. (2 marks)

Summarise FIVE types of personal conscience. (5 marks)

3. Explain FOUR criticisms levelled against Kohlberg’s theory of moral development. (8 marks)

(Total: 20 marks)

 

QUESTION TWO

1. In the context of KING IV report on corporate governance, examine FOUR principles that an investment firm is expected to comply with. (4 marks)

2. Summarise FOUR recommendations of Hampel committee on corporate governance. (4 marks)

3. Explain THREE factors influencing business ethics. (6 marks)

4.Enumerate the SIX standards of professional conduct. (6 marks)

(Total: 20 marks)

 

QUESTION THREE

1. Summarise FOUR features of investment performance standards. (4 marks)

2. Explain THREE merits of investment performance standards. (6 marks)

3. Outline FOUR benefits of good corporate governance. (4 marks)

4. Highlight SIX pillars for listed companies’ codes of governance issued by Capital Markets Authority (CMA). (6 marks)

(Total: 20 marks)

 

QUESTION FOUR

1. Explain THREE levels of emotional intelligence. (6 marks)

2. Describe THREE skills of emotional intelligence. (6 marks)

3. Resource Dependency Theory of corporate governance has been subject of debate on its effectiveness.
In light of the above statement, discuss FOUR criticisms of Resource Dependency Theory. (8 marks)

(Total: 20 marks)

 

QUESTION FIVE

1. Outline FOUR components of an internal audit charter. (4 marks)

2. Examine FOUR reasons why minority shareholders in Kenya find it difficult to protect themselves against excesses of majority shareholders. (4 marks)

3. In relation to the fraud triangle, explain THREE elements that present most fraudulent activities in an
organisation. (6 marks)

4. In relation to stakeholders’ engagement, discuss THREE ways of grouping stakeholders according to interests and influence. (6 marks)

(Total: 20 marks)

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