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COFFEE & MEET- QUIZ 1 Flashcards | StudBud

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COFFEE & MEET- QUIZ 1

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Questions 5

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1
What is the primary purpose of the Line of Sight (LoS) framework in PETRONAS?
To replace the need for external audits in project evaluations
To centralize all financial reporting under a single corporate entity
to ensure visibility and alignment of decision-making within Upstream mngt
To track employee performance across business divisions
2
What are the three modes of adoption for PETRONAS governance documents under PGMF 2.0?
Mandatory Compliance, Voluntary Compliance, and Exemptions
Full Adoption, Conditional Adoption, and No Adoption
Standard Implementation, Custom Implementation, and Legacy Implementation
Mode 1: Adopt, Mode 2: Adopt with Deviation, and Mode 3: Not Adopt
3
Which of the following is NOT a key function of the Line of Sight (LoS) in Upstream business?
Ensuring efficient management and proper control
Enhancing cybersecurity measures for digital operations
Providing oversight on decision-making for Upstream entities
Strengthening alignment between Upst decision-making and corporate interest
4
What is the main objective of the PETRONAS Governance Framework (PGMF)?
To simplify financial reporting for PETRONAS subsidiaries
To replace external regulatory requirements with internal policies
To centralize all decision-making at the corporate level
provide guiding principles for governance ensure compliance across entities
5
What is the primary objective of PETRONAS’ Integrated Assurance Governance Framework?
To centralize all decision-making at the board level
To reduce compliance costs by minimizing audit requirements
To improve corporate branding through sustainability reporting
ensure structured oversight, risk mgmt, and internal control effectiveness