QUESTION 7 CORE PRINCIPLES OF CORPORATE GOVERNANCE PART A The following information relates to corporate governance: COLUMN A COLUMN B 1. Corporate citizenship A Economic crime that involves some kind of trickery, swindle or deceit 2. Stakeholder B Occur when competitors enter into an agreement to keep prices at a specific level resulting in a higher cost to the consumer 3. Bribery C To give support or encouragement to a person in return for political support 4. Favouritism D The appointment of friends and associates to positions of authority, without proper regard to their qualifications. 5. Fronting E The superficial inclusion of historically disadvantaged individuals 6. Patronage F Payment given in a corrupt relationship Tokenisi G The organisation's responsibilities and obligations are an integral part of the society in which it operates 8. Price-fixing H Form of corruption committed to win government business 9. Cronyism 1 Any person who in any way involved with or affected by the business activities Fraud 10. J Highly biased distribution of state resources/ to favour friends or family at the expense of public interest Required: Match the items listed in COLUMN B with those listed in COLUMN A. Write down only the letter of your choice next to the corresponding number. For example: 1. J 2. B, etc. PART B 1. Discuss what is meant by sustainable development. 2. Differentiate between favouritism and nepotism. 3. Identify three of the underlying philosophies of King IV. 4. List and describe three principal activities involved in the corporate governance process. 5. There are several features that distinguish King IV from its predecessors. List three of these. 6. Discuss the meaning of Graft