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PRMIA Exam 8004 Topic 1 Question 21 Discussion

Actual exam question for PRMIA's Case Studies; Standards: Governance, Best Practices and Ethics exam

Question #: 21
Topic #: 1

[All Case Studies; Standards: Governance, Best Practices and Ethics Questions]

Boards of Directors, including Audit and Risk Committees must review thoroughly compensation plans of potentially "highly compensated positions" for:

I competitive market conditions

II ensuring compliance with their corporate risk appetite and fiduciary responsibility to shareholders

III ensuring any discretionary bonus plans are geared towards keeping high income / revenue generators

IV reporting all such personnel to the local regulator

AII, III and IV only

BI, II and IV only

CAll of the above

DI and II only

Show Suggested Answer

Suggested Answer: D

by Emilio at Apr 25, 2024, 10:52 PM

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Launa

1 days ago

It was tricky. I think it's about balancing risk and reward.

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Lemuel

2 days ago

What did you think about that question on director's compensation review?

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Thomasena

15 days ago

Yes, it's also crucial to consider competitive market conditions

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Myra

16 days ago

I agree, it's important to ensure compliance and report highly compensated positions

upvoted 0 times

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Rosio

17 days ago

I think the answer is B)

upvoted 0 times

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