CASE STUDY : TRANSMILE GROUP BERHAD

QUESTION

1. Who were the main characters and what are the ethical issues concerning every character?

2. How was the corporate governance in Transmile?

3. The BOD and the Audit Committee were to be considered as the safeguard to protect the shareholders' interest in a company. In this case, have these group failed to uphold its fiduciary and moral obligation? How? Why?

4. What were the causes of the conflict of interest on the part of the BOD and the Audit Committee?

5. How objective and independent have the external auditor been?

6. What was the issues between the external auditor and Transmile? What kind of audit process and procedure that were carried out?

7. How have the research analysts been in terms of their role of advocacy vs objectivity?