Review and discuss your selected company’s current risk framework, including a discussion of the board committee responsible for risk management.

Description

Select a company (it can be the same company you used in the first assessment) and suppose you are one of its independent non-executive directors. Address the following assessment questions based on the disclosed governance information and relevant governance concepts and theories.

Part A. Corporate Social Responsibility:

1. Discuss CSR and its relevance to corporate governance.

2. Discuss the CSR practices of the chosen firm and how such practices affect its short-term and long-term performance/goals.

Part B. Corporate Risk Management:

1. Review and discuss your selected company’s current risk framework, including a discussion of the board committee responsible for risk management.

2. Identify at least eight risks for your chosen company using any method we learned in Module 4. Assess and evaluate the recognised risks by their impact and probability (allocating a level from 1 to 5) and use the tool provided in Activity 4.2: Risk recognition, evaluation and mapping to map the risks into a risk matrix.

3. Discuss appropriate risk mitigation policies for four of the selected eight risks.

In your answers, discuss relevant implications and provide recommendations.

Requirements

1. Define critical terminology at the beginning of each section.

2. In each section, discuss relevant corporate governance concepts, codes, principles and theories where applicable.

3. The required word length for this report is 3,000 words (plus 10% tolerance).

4. You are required to use at least six (6) academic references for this report (in addition to the reference for the disclosed corporate governance information such as annual reports).

5. Your references should be from credible sources such as books, industry-related journals, magazines, or academic journal articles. Your grade will be adversely affected if your assignment contains no/poor citations and/or reference list and if your assignment word length is beyond the allowed tolerance level (see Assessment Policy available on AIB website).

Useful resources

• Prescribed textbook and learning materials and readings from Modules 4–7.

• Governance information source: annual reports (Australian companies), proxy statement (US companies), management proxy circular (Canadian companies), company website or any other company statements.

Last Completed Projects