Project PROGRAMME Postgraduate Diploma in Risk Management MODULE Corporate Risk Management INTAKE July 2022 YEAR One (1) TOTAL MARKS 100 FORMATIVE ASSESSNMENT 2 [100 Marks] South Africa, like many other countries around the world, is littered with corporate scandals / failures. Through proper research, you are required to identify one (well documented) such company and perform the following tasks: Answer ALL the questions in this section. Question 1 (25 Marks) Provide a brief profile of the organisation. This should include information such as the type of business and sector the organisation is in, how long they have been in operation and the size of the organisation. Discuss the scandal / failure of the organisation, i.e., what happened and why you selected the specific company. In addition, this should include a section on the management levels of the organisation and their role in the scandal or failure. Question 2 (25 Marks) King IV refers to the concept of combined assurance with six lines of defence. Provide an appropriate definition for combined assurance and discuss the six lines of defence. Evaluate if these lines of defences could have prevented the scandal / failure to occur at the selected company. Question 3 (25 Marks) With the aid of appropriate examples, analyse and discuss the three cultures of management. Assess which type of culture was apparent at the selected company. Question 4 (25 Marks) Critically discuss speculative and event risks and with the aid of appropriate examples unpack the categories of risks within each one. Evaluate which category of risk might have been most responsible for the scandal / failure at the selected company.