Q1 In the HIH Royal Commission, Justice John Neville said :

I am not so much concerned with the content of a corporate governance model as with the culture of the organisation to which it attaches. For me, the key to good corporate governance lies in substance,not form. It is about the way directors of a company create and develop a model to fit the circumstances of that company and then test it periodically for its practical effectiveness. (2003)

Using this quote and other materials, please outline are the difficulties in defining the term Corporate Governance in Australia ? 200 words

Q2 What is ASICs Role in Corporate Governance in Australia?

200 words

(Use examples )

Q3 Section 198 of CA The business of the company is to be managed by or under the direction of the directors.

True/ false.

Q4 How can members call a meeting?

Q5 Define non executive directors (use a case). 200 words

Q6 Assume you have been appointed as Compliance Officer of a company which is listed on the Australian Securities Exchange (ASX). The company has a very rudimentary internal risk management policy. The Head of Compliance wants to know from you whether there are current corporate governance principles and what the company should undertake in the financial year 2016/2017regarding risk management.

Go to the ASX website (www.asx.com.au) and try to find the current corporate governance principles and recommendations regarding risk management. What would you tell the Head of Compliance in a 2 minute briefing about ASX Corporate Governance Principle 7 so that appropriate steps will be taken

300 words