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Use the attached 2019 Annual Report of Aluworks Limited and any other information from their website to briefly reflect on the following questions on sustainability,
Use the attached 2019 Annual Report of Aluworks Limited and any other information from their website to briefly reflect on the following questions on sustainability, corporate governance, corporate restructuring and corporate reorganisation.
i. From the annual report and any other publicly available document, analyse the corporate governance structure of Aluworks by commenting on the profile of the board chairman, the other directors, and the specific composition of the sub-committees. What are the possible implications of this structure on board functions, style and culture?
10marks
ii. In the report, it was stated clearly on page 19 that the company did not undertake any corporate social responsibility (CSR) programmes during the year.
What could be the possible implications this action will have on the sustainability of Aluwork PLC (Draw on some of the theories we learnt about sustainability reporting)
10marks
iii. From the report, are there specific indicators that show that the company is in distress? Use the Altman Z-Score and any other information available in the report including financial statements and any other specific statements from key stakeholders that show whether Aluworks is in a distress situation or not.
10 marks
iv. From the report, state clearly the THREE (3) major shareholders of Aluworks PLC and the proportion of their shareholdings. Identify whether those shareholders have control or significant influence on Aluworks and whether Aluworks was right in presenting separate financial statements. Do you see any issues bordering on consolidation?
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