Self-test questions To confirm your grasp of the key points in this chapter, try answering the following questions. 1. Define corporate governance. 2. What is the basis of corporate power? 3. What was the first official report on corporate governance and why was it commissioned? What were the major recommendations of the Cadbury Report? 4. Name some financial institutions in the United States that failed during the global financial crisis. 5. What additional dimension did the Australian Hilmer Report add to the conformance and compliance concepts of corporate governance?
