Instructions:

Select one company from the list below and collect information on directors, executive management and auditors from annual reports covering the years 2014, 2015 and 2016.

Do not use data from quarterly reports, use full year results. Using this information plus what you obtain from peer reviewed journals and relevant academic material, answer the following questions:

(a) Provide information on the board and management structure and critically comment on these with regards to corporate governance matters.

No of directors: non-executive organizational hierarchy: who reports to whom ?

(b) Critically comment on the:

(i) Independence of the directors of the company chosen

Proportion of independent directors

How are the directors appointed?

How are the remunerated?

(ii) Independence of the auditors of your chosen company

How are the independent directors appointed in audit committee?

Audit committee should appoint the auditors.

The CEO cannot appoint the auditors.

Audit fee?

(iii) Split of position of chairman and chief executive officer (CEO)

Why in the split of the chairman and CEO position important?

Apply to the specific company to determine whether they were split.