1) Consider the 2022 Annual Report for Coles Limited (COL). Briefly illustrate how COL governance is organized. Do you notice any strategies in place to align manager and shareholder interests at COL based on the Annual Report? Provide three example.

2) What is the net working capital for COL in 2021 and 2022?

What type of current asset management strategy is the company pursuing? Flexible or Restrictive asset management strategy?

Explain why, and what are the pros and cons of this strategy.

2021 Total Current Assets= 3,434 $m Total Current Liabilities= 5,819 $m

2022 Total Current Assets= 3,751 $m Total Current Liabilities= 6,415 $m

3) Consider the WES 2022 Annual Report. Identify two of the major risks discussed in this report. Are these risks systematic or unsystematic? Why? (2 marks)