Exercises
Ⅰ.Please determine whether the following statements are true or false.
1.Integrity shouldn't only be a fundamental requirement in choosing corporate officers and board members.
2.All parties to corporate governance have an interest，whether direct or indirect，in the financial performance of the corporation.
3.External auditors are personnel within an organization who test the design and implementation of the entity's internal control procedures and the reliability of its financial reporting.
4.Performance-based remuneration is designed to relate some proportion of salary to individual performance.
5.The business morality or ethic must permeate the entire operation from top to bottom and embrace all stakeholders.Best corporate governance practice is an integral part of good management practice also permeating the entire operation，and not an esoteric specialism addressed by lawyers，auditors and sociologists.
6.Best corporate governance practice is about achieving the stakeholders'goal，and delivering success in an ethical way.
7.One of the main applications of corporate governance to small businesses is transparency of financial practices and controls placed on how transactions occur.
8.Board members can claim ignorance of illegal behaviors by their employees if they do not exercise reasonable care in the exercise of their duties，which includes monitoring the activities of the company's management and setting policies to limit negative behaviors.
9.Corporate responsibility is managed through the Public Policy and Corporate Reputation Council，a cross-functional group of senior managers from our Company and bottling partners.
10.The core of the ethics and compliance program at The Coca-Cola Company is our Code of Business Conduct.However，the Code fails to guide our business conduct，requiring honesty and integrity in all matters.
Ⅱ.Answer the following questions.
1.How to define the corporate governance?
2.What are mechanisms and controls of the corporate governance?
3.If one employee betrays the corporate governance，what kind of treatment will he or she get according to The Coca Cola's Corporate Governance?