1.1ProvidearesearchedexampleofanothercompanyintheSouthAfrican manufacturing industry that did not adhere to good corporate governance. Identify which principles of the KING IV report they did not adhere to. This question requires additional research on the principles of the KING IV report.1.2 Provide a risk control measure of the economic risk identified. Clearly indicate the risk and the risk control measure. Include a practical, relevant, and comprehensive risk control measure-risk : recession1.3 Identify and briefly apply the four criteria that Edward’s EcoCraft needs to apply when considering a proposal aimed at reducing risks. Use examples applicable to Edward’s EcoCraft to support your explanation. 1.4 conclusion Edward's EcoCraft is a small business located in George, South Africa. They specialise in bespoke,handcrafted, sustainable furniture made from locally sourced materials. Edward's EcoCraft has builta reputation for quality and environmental responsibility.The owner, Edward, employs a team of five skilled artisans. He is considering expansionopportunities and diversifying the product line.Edward's EcoCraft has received attention for its unique and environmentally friendly designs,prompting inquiries from larger retailers and international distributors. The owner is nowcontemplating scaling up production and entering into partnerships to expand his reach withoutcompromising their commitment to sustainability.

Reference King IV Report on Corporate Governance for South Africa:Institute of Directors in Southern…

Answered: Edward's EcoCraft is a small business…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

1.1ProvidearesearchedexampleofanothercompanyintheSouthAfrican manufacturing industry that did not adhere to good corporate governance. Identify which principles of the KING IV report they did not adhere to. This question requires additional research on the principles of the KING IV report.

1.2 Provide a risk control measure of the economic risk identified. Clearly indicate the risk and the risk control measure. Include a practical, relevant, and comprehensive risk control measure

-risk : recession

1.3 Identify and briefly apply the four criteria that Edward’s EcoCraft needs to apply when considering a proposal aimed at reducing risks. Use examples applicable to Edward’s EcoCraft to support your explanation.

1.4 conclusion