UK companies need more effective boards of directors

Questions 1-7

The text has seven paragraphs. Choose the correct heading for each paragraph.

List of Headings

i Disputes over financial arrangements regarding senior managers

ii The impact on companies of being subjected to close examination

iii The possible need for fundamental change in every area of business

iv Many external bodies being held responsible for problems

v The falling number of board members with broad enough experience

vi A risk that not all directors take part in solving major problems

vii Broads not looking far enough ahead

viii A proposal to change the way the board operates

None

1. Paragraph A

2. Paragraph B

3. Paragraph C

4. Paragraph D

5. Paragraph E

6. Paragraph F

7. Paragraph G

Questions 8-11

Choose YES if the statement agrees with the claims of the writer, choose NO if the statement contradicts the claims of the writer, or choose NOT GIVEN if it is impossible to say what the writer thinks about this.

None

8. Close scrutiny of the behaviour of boards has increased since the economic downturn.

YES

NOT GIVEN

None

9. Banks have been mismanaged to a greater extent than other businesses.

YES

NOT GIVEN

None

10. Board meetings normally continue for as long as necessary to debate matters in full.

YES

NOT GIVEN

None

11. Using a committee structure would ensure that board members are fully informed about significant issues.

YES

NOT GIVEN

None

Questions 12-14

Complete the sentences. Write ONE WORD ONLY from the text in each gap.

12. Before 2008, non-executive directors were at a disadvantage because of their lack of

13. Boards tend to place too much emphasis on considerations that are only of short-term relevance.

14. On certain matters, such as pay, the board may have to accept the views of

Time's up

UK companies need more effective boards of directors

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