Accounting Information for Managers Assignment
ASSIGNMENT GUIDELINES - The following is a research assessment that you are required to discuss and analyse as per the 'Required' sections below. This task relates to the concept of good corporate governance and ethics and how it leads to better business sustainability.
Read the scenarios below and the answer the questions relating to the scenarios.
CASE STUDY
You have been asked to deliver a response in relation to corporate governance and ethics on the 5 scenarios below. In your response you will need to comment on the following situations in relation to the ASXCGC Corporate Governance Principles and Recommendations. All scenarios assume that the organisation in question is listed on the Australian Stock Exchange. You will need to cite any references you utilise to support your answers including both in text citations and referencing of sources of information
a. The External Auditor of a company went to Primary School with one of the company's directors. This is disclosed in the first Audit Appointment Meeting.
b. A member of a board of directors for has not attended ANY Board of Directors meetings for 12 months as they have been working internationally.
c. The West is Best company has information that will have a significant effect on the future profitability of the business. They choose to disclose this information both on the company website and make a public statement.
d. All about the Money organisation currently has a manufacturing process that leaks hazardous waste into the local creek which in turn runs directly into the river catchment. The Board of Directors has just made the decision to continue to operate this manufacturing process as any alternative investigated will have a negative effect on profit.
e. The Chairman of the Board puts forward a proposal to increase the Salary for the Chief Executive Officer (CEO) by 80% from the current level. This will place this CEO's salary considerably above other CEO's in the same industry.
Required:
1 Essay: Using the information provided in the scenarios above and your knowledge of Corporate Governance, Ethics and Business Sustainability answer the following questions in essay format.
1. A brief introduction (including definitions) on Corporate Governance, Ethics, and Business Sustainability.
2. Five (5) body paragraphs which for each Scenario listed above (a, b, c, d, e) state if there are any breaches to or compliance with ASX CGC Principles and Recommendations. Ensure you specifically cite the particular ASX CGC Principle and Recommendation you are using for justifying your response.
3. Concluding remarks on how sound corporate governance principles and practices and principles can lead to better business sustainability.
2. Reference List: Include any references you have used and cited in your essay. You must use the Harvard referencing system as per the guide available from the WSU library website. (Note: the reference list is not included in the word count).
Attachment:- Assignment Files.rar