Start learning 50% faster. Sign in now
Solution- Facilitate withstanding and countering pressures from owners. Fulfil a useful role in succession planning. On issues such as strategy, performance, risk management, resources, key appointments and standards of conduct he or she must support in gaining independent judgment to bear the board’s deliberations. While evaluating the performance of the board and management of the company, he or she needs to bring an objective view. Scrutinizing, monitoring and reporting management’s performance regarding goals and objectives agreed in the board meetings. Safeguard the interests of all stakeholders, particularly the minority shareholders. Balance the conflicting interest of the stakeholders. Check on the integrity of financial information and ensure financial controls and systems of risk management are in operation. In situations of conflict between management and shareholder’s interest, aim towards the solutions which are in the best interest of the company. Establishing suitable levels of remuneration of executive directors, key managerial personnel, and senior management.
An environment where insurance is plentiful and sold at a lower cost, also known as a Buyer’s market is called?
What is the role of an actuary in the insurance industry?
A person named in a life insurance contract to receive the benefits of the policy if other named beneficiaries are not living is referred as ________.
The Private equity investors shall not hold more than _________ percent of the paid up equity share capital of the Indian insurance company.
In case of a motor accident, the first step to be taken by the insured is to:
A policy that covers the loss of stock due to refrigeration failure is:
What is the purpose of a "warranty" in an insurance policy?
Which of the following is NOT a common type of insurance policy?
Which part of the policy includes details such as policy duration and limits of liability?
What is the difference between a "condition" and a "warranty" in an insurance policy?