Maddie, CPA is the CFO of Palmer, a company which has branches and operates in Malaysia and Australia. The business has grown over the past 3 years and the company is planning to get listed on the Australian Stock Exchange (ASX). Maddie has been asked to ensure that the company complies to the listing requirements. Currently, there are 2 non-independent executive directors and 1 independent director on the Board.

Maddie is not familiar with the listing requirements in Australia and the importance of corporate governance.

1. Explain to Maddie what is good corporate? (3marks)

2. Recommend to Maddie the appropriate board structure, committees and the importance of board diversity in setting up the Board. (6 marks)

3. Maddie has also sat on a tender committee that awarded a tender to her boyfriend. Discuss if there are any breaches to the fundamental principles of APES110. (3 marks)