VERY IMPORTATNT: THIS ASSIGNEMNT IS IN 2 PARTS BECAUSE OF THE LENGTH OF THE PROJECT. SO, TO COMPLETE THE ASSIGNMENT FOR MODULE 1 UNIT 3 I WILL SPLIT IT IN 2 PARTS. SO PLEASE CHECK FOR 2 POSTS FOR THIS MODULE.

I WILL MAKE THE FIRST POST COMPLIANCE MANAGEMENT: MODULE 1 UNIT 3 (Assignment) PART 1 AND THE SECOND POST COMPLIANCE MANAGEMENT: MODULE 1 UNIT 3 (Assignment) PART 2

THIS WILL BE COMPLIANCE MANAGEMENT: MODULE 1 UNIT 3 (Assignment) PART 2, I HAVE ALREADY SUBMITTED THE FIRST PART.

QUESTIONS:

IV Code. Your answer should pay particular attention to the social and ethics committee and the audit and risk committee.

Your report should consist of the following sections:

Introduction [100 words max]

Issues with the current board structure [200 words max]

Suggestion for a new board structure [200 words max]

Appeal for a social and ethics committee [200 words max]

Conclusion [100 words max]

(Max. 800 words in total)

Note:

Part of your substantiation will require evidence from the King IV Code and the Companies Act of 2008. If you have not yet done so, please familiarise yourself with these documents.

VERY IMPORTANT: YOUR ANSWERS SHOULD ALSO CONSIST OF THE FOLLOWING BELOW FOR QUESTIONS 1 TO 6 ABOVE.

Introduction: As per the rubric, the introduction should provide a clear outline of what will be addressed in the body of the written work, along with a good reason for compiling the report.

General introduction guidance: An introduction should provide a clear layout of what you will address in the main section of the written work and explain why you are doing so; provide a reason why the written work should be drawn up. Please bear in mind what perspective you are writing from; in this particular submission you have been appointed by de Buys Agri as a compliance consultant. Thus they are aware of the company's activities. You are required to provide them with advice in the form of a report. You should indicate the specific acts, regulations and codes which you will refer to in the body/main section of the written work. This report should identify what they are not doing correctly based on the Act, Regulations and King IV Code.

Issues with current composition: The three main issues were: (1) the Chairperson and CEO are the same individual; (2) the complete lack of independence at board level; and the (3) the lack of diversity (race and culture). There were other potential issues but these were the main three issues which students were required to identify.

Further students were required to make specific reference to the Act and Code by correctly identifying the relevant section /principles (and recommendations) and summarizing what adherence required.

Restructuring: You have to proposed a restructuring plan which is capable of practical implementation. You should identify concrete steps they can take to remedy the deficiencies. For example: appoint a new Chairperson who is an independent non-executive. Identify the ratio of executive: non-executive: independent non-executives they should implement. Recommend which existing board members should be replaced. Identify the characteristics which the new board members should possess.

The SEC appeal: Students were required to identify that constituting a SEC for this organization is mandatory as it is a JSE listed organization. Further, students were required to sell the value of the SEC to the board of directors by demonstrating the benefit to the company, shareholders ,and stakeholders.

The focus areas were: (i) sustainability and long-term profit generation; (ii) stakeholder interests and mindfulness of how and why stakeholder interests can impact the growth of an organization; (iii) to oversee compliance (to a degree as Audit and Risk committee more appropriate), and most importantly (iv) ethical oversight.

Conclusion: you should summarize and wrap up the report in the conclusion and it should not contain new information or recommendations.