Chapter 13, Problem 22QP

Distinguish between kings 11 and kings 111 reports on corporate governance

QUESTION 2 Read the following scenario carefully and then answer the question below: Gorata Mbaiwa, the former Chief Executive Officer of Okavango (Ltd), has succeeded the retiring chairman of the company's board of directors. Shareholders have contended that this succession contravenes established best practices in corporate governance. Additionally, some individuals have expressed a lack of understanding regarding the concerns raised by shareholders. Required: Given the context of Gorata Mbaiwa's appointment as Chairman of Okavango (Ltd) after serving as CEO, analyse five potential violations of corporate governance principles that would reasonably lead to shareholder concern. (25 marks)

QUESTION 1 The Enron scandal serves as a critical case study in corporate governance and ethics. Answer the following questions based on your understanding of the Enron case: The Enrol Scandal The Enron scandal was an accounting scandal sparked by American energy company Enron Corporation filing for bankruptcy after news of widespread internal fraud became public in October 2001, which led to the dissolution of its accounting firm, Arthur Andersen, previously one of the five largest in the world. The largest bankruptcy reorganization in U.S. history at that time, Enron was cited as the biggest audit failure. Enron was formed in 1985 by Kenneth Lay after merging Houston Natural Gas and InterNorth. Several years later, when Jeffrey Skilling was hired, Lay developed a staff of executives that- by the use of accounting loopholes, the misuse of mark-to-market accounting, special purpose entities, and poor financial reporting - were able to hide billions of dollars in debt from failed deals…

7. Compare and contrast social responsibility and sustainability.

(8 marks) Explain three key reasons why a majority of non-executive directors on a company's board is considered good corporate governance practice. (6 marks)

5. Company directors can face personal liability for various types of misconduct. Describe four distinct categories of malpractices for which directors can be held personally responsible. (8 marks)

Describe three essential skills or areas of expertise that members of an audit committee should possess

1. Describe any two features of stakeholder theory in relation to corporate governance. (6 mar

After reading Section 5: Implementing Agile—Delivering in an Agile Environment in the Agile Practice Guide, respond to the following. Identify when and why you would use agile project management on your team project (upgrading a housing network such as a motel). If you are using a different methodology, describe the methodology and discuss why you think it is the best method to approach your project. Is there anything else that should be considered when selecting the methodology of project management?