WalkRight plc is a retailer for a wide range of value priced fashion brand shoes.

WalkRight plc sells all types of footwear, including sandals, boots, training shoes, dress and casual shoes. Their target market captures all potential customers, of any age, who are interested in buying fashion footwear.

They own their own stores and also supply stock to other retailers.

With reference to principles of good corporate governance as published in The UK Corporate Governance Code, you are required to:

(a) discuss the general and specific business risks you think Walkright might be exposed to

(b) state who is responsible for identifying and assessing these risks

(c) outline why it is important to identify business risks in relation to corporate governance

(d) explain how business risks should be reported to company stakeholders.

The following set of questions are based on the statement of corporate governance taken from the 2017 Annual Report of Rolls-Royce (the Annual Report), which is available on page 69 at the following link:
www.rolls-royce.com/~/media/Files/R/Rolls-
Royce/documents/annual-report/2017/2017-fullannual-
report.pdf.
The corporate governance statement refers to a number of other parts of the Annual Report, which you might find it beneficial to read.

The UK Corporate Governance Code contains principles and provisions across five key areas of corporate governance. You are required to review the corporate governance disclosures of Rolls-
Royce and form a view on the usefulness of these disclosures. To help you with this, think about how you would answer the following questions: