Question
Provide a description of Tongaat Hulett and an overview of their scandal. With the aid of a diagram, identify and discuss the stakeholders to corporate
- Provide a description of Tongaat Hulett and an overview of their scandal.
- With the aid of a diagram, identify and discuss the stakeholders to corporate governance as it pertains to the Tongaat Hulett scandal. Critically evaluate the role of the parties that have played or ought to have played. According to your research, identify the party that you hold the most responsible for the scandal.
Learner application may differ however, the following points must be discussed:
a. Parties to corporate governance identified at least three
b. Discussion on the role of the parties at least three
c. Identification of the party / stakeholder that learner hold the most responsible for the scandal
3. Scandals are often linked to personality risks. Based on answers provided in Question 2, discuss the four (4) most applicable mechanisms through which 3 personality risks in corporate governance may be managed in relation to the identified scandal. Elaborate on any mechanism/s that might have or in the process of being implemented. Learners are required to identify any four (4) applicable approaches to 20 managing personality risks and support their choice.
4. The King Code contains both principles and recommended practices aimed at achieving governance outcomes. The King IV Code provides the 16 principles and 208 recommended practices that should assist the governing body and the organisation in attaining good corporate citizen status and governance outcomes. Discuss the applicability of the King IV Code and evaluate the alignment of Tongaat Hulett's practices against the recommended ones in terms of the 2nd principle of the King IV Code.
Learners must:
a. Discuss the applicability of the King IV Code. b. Identify the 2nd principle of the King IV Code.
c. Identify and explain the recommendations as contained within the 2nd principle.
d. Assess whether Tongaat Hulett has been complying with each of the recommendations before the scandal
5. Organisations that have embraced Governance, Risk & Compliance (GRC) have found that there are a range of common elements that go right across successfully integrated governance, risk and compliance policies, processes and procedures as identified (Mallin, 2015). Evaluate the level to which Tongaat Hulett had embraced GRC.
Learners are required to:
a. Identify the elements of GRC b. Provide an explanation of each one
c. Demonstrate application of each one
d. Provide an overall evaluation of the level to which Tongaat Hulett had embraced GRC
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