NO.PZ202206210100000403
问题如下:
The process for creating and implementing the investment policy statement (IPS) by the University Planning and Priorities Committee (UPPC) most likely follows best governance practices in regard to:选项:
A.transparency of decision rights for approving a proposed asset allocation. B.expertise for developing the asset allocation. C.governance audit reporting.解释:
SolutionA is correct. The UPPC must seek the board of regents’ approval for any asset allocation the committee proposes to implement. Consequently, the decision rights in regard to the asset allocation process are very transparent, which is consistent with best governance practices. Governance audits being on an “as requested” basis instead of being periodic is inconsistent with best governance practices. The committee members’ short terms (two years for faculty and one year for students because they are final-year students) and apparent lack of financial expertise are also inconsistent with best governance practices.
B is incorrect. The committee members have very short terms (two years for faculty and one year for students because they are final year students) and appear to lack financial expertise.
C is incorrect. Governance audits should be periodic and not on an “as requested” basis.
如题。另外,C说的是reports will be provided upon request, 并不是upon request才会被审计。这样也是不符合governance的吗?