Question
Hi there, Can you please help resolve this case study assignment. Please see attached reference. Question- Task 2.1 Contravening civil obligations may result in being
Hi there, Can you please help resolve this case study assignment. Please see attached reference.
Question- Task 2.1
Contravening civil obligations may result in being banned as a manager of a company for up to 10 years, a claim for personal damages and for serious contraventions a pecuniary penalty order of $200,000. A breach of a criminal offence may result in fines and/or up to five years in prison.
On the basis of the facts supplied, evaluate with written reasons whether or not Mr Ellery and the Managing Director breached their civil obligations pursuant to sections 180,181,182, and 183 and 344 (with reference to the Corporations Act) and/or any criminal offences under section 184 of Corporations Act 2001. Consider each person and each section separately.
*The relevant sections of the Corporations Act 2001 can be found on the Resources web site ( see attached resources ) any relevant case that can be accessed on http://www.austlii.edu.au/au/legis/cth/consol_act/toc-C.html
Answer:
Question: Task 2.2
Consult with fellow learners, your employer and accountant or examine your corporate structure and describe and evaluate your understanding of the concept of corporate governance in three simple dot points.
Answer:
Access the ASX Corporate Governance Councils Corporate Governance Principles and Recommendation document by searching the internet. Send a copy of the link you used to access the ASX Corporate Governance Councils Corporate Governance Principles and Recommendation.
Select and name a public company currently listed on the Australian Stock Exchange (not including ABC Learning Limited or James Hardie Limited).
Identify six (6 or 7 ) principles of the (Australian Stock Exchange) ASX Corporate Governance Councils Corporate Governance Principles and Recommendations.
Research the company you selected and its annual report and highlight how the six Corporate Governance Councils Principles and Recommendations you identified have been implemented in any five of the following items:
- . structure and organization of the company
. role of the board and its composition and how it deals dealing with conflicts of interest
. role of the chairman and independent non-executive directors
. conduct of management and preparation of Board papers and minutes of meeting
. Role, type (eg. Audit /nomination /remuneration ) and charter of committees responsible to the Board
. Board or individual directors ability to seek external advice or approach or consult with employees
. accounting practices , internal control , and auditing practices
. role and independence of the external auditor
. information technology systems and their governance
. Achievement of key performance indicators
. sustainability goals
. ethical practices and corporate culture
. Reporting to regulatory authorities
. Future trends in corporate governance
This task requires an integrated written response where the learner uses a broad range of knowledge and explains and analyses how the company they have selected applies these six principles to at least six of the above mentioned items. Some of the items are of course interrelated.
Answer: Word length no more than 750 words. Diagrams, charts etc, may be included but are not counted in the word length. Learner must acknowledge in the correct format the use of at least two sources of information other than the provided resources.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started