All questions are compulsory Question 1 20 Marks Buenaventura is a company in the country of Peru and is one of the largest gold and silver producers in the world. Convinced that the market pays for good corporate governance practices, Buenaventura chose to cancel its debt with the funds from initial public offering (IPO) in 1996. This IPO permitted the company to raise approximately USS 150 million To facilitate the participation of all sharcholders in its Annual General Meetings, the company announces its Meeting date and provides the shareholders with the Meeting agenda 25 days in advance. Buenaventura's executive officers oversee the business and are responsible for the execution of the policy decisions of the Board of Directors. The President and Chief Executive Officer is elected by the Board. The VP Chief Financial Officer, the Business Development, the VP Operations and the VP Explorations are selected by the Nominations Committee. Family members in top management represent 2 out of 5 members Buenaventura's Board of Directors has seven members, five of whom are independent. The Board is seen by company management as a value-added resource, providing guidance and advice. The Audit Committee is composed of independent Board members. The company's chief of internal audit reports to the Board of Directors. Providing timely and accurate information to the market is very important to Buenaventura. A Disclosure Committee was created to coordinate the timely release of all relevant information to the investors as soon as Board meetings conclude A. Comment on Buenaventura compliance on international code of corporate governance applicable to relations with shareholders. (150 words) 5 Marks B. Given the commitment of Buenaventura towards good corporate governance, what are the objectives of Corporate Governance? ( 150 words) 5 Marks C. What are principles of corporate governance and how Buenaventura has complied with it? (150 words) 5 Marks D. What are the duties of external auditors ( 150 words) 5 Marks