QUESTION 6 [21] Read the following brief extract and answer the questions that follow: Despite the best efforts of Oceana management and its public relations team to smooth over shareholder and market concerns, it is very rare that there is no fire where there's smoke. And the smoke signals continue unabated. After the JSE insisted that the company play open cards, providing details of the ENSafrica forensic investigation and committing to a date for the release of its financial results, Oceana announced this week that company secretary, Adela Fortune, has resigned. Fortune's resignation takes effect in less than two weeks, on Tuesday, 15 March. This is the third sudden departure of a top management official from the company. First, chief financial officer Hajra Karrim was suspended pending investigation. Although Oceana has since revealed that Karrim was not implicated in any fraudulent activity or mismanagement, her suspension remains active. An interim CFO, Ralph Buddle, has since been appointed. Two weeks ago, CEO Imraan Soomra resigned "for personal reasons". The company admitted that he was in the process of being investigated by the board when he resigned, but did not want to tell Daily Maverick whether he had been paid in lieu of the six-month notice period in line with his employment contract. Moodley, N., 2022. Purges at Oceana continue while smoke signals pour from the company. Daily Maverick, 03 March. Retrieved from https://www.dailymaverick.co.za/article/2022-03-03-purges-at-oceana-continue- while-smoke-signals-pour-from-the-company/ [Accessed 04 march 2022].QUESTION 6.1 [13] Assume that you are appointed as an independent ethics consultant to Oceana. At your first meeting with the board and senior management, you decide to make a presentation of the King IV, so as to reacquaint them with it. 6 HBMN201-1-Jul-Dec2022-FA1-Memo-KP-V2-25032022 QUESTION 6.2 [8] Oceana management has a duty and obligation to its shareholders. Examine the concepts of accountability and control that a company needs to have towards its shareholders