Contents
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Description
This assignment is based on the following requirement –
PART A
Case Study
You have been appointed to the Board of an International Extractive Industry company wishing to list on a stock exchange. They currently have no corporate governance or corporate social responsibility initiatives in place.
Q1
Based on the corporate governance principles of the OECD (2004), Sarbanes Oxley Act (2002), Combined Code (2003) and the Australian Securities Exchange (2007), recommend which specific principles you would encourage the Board to adopt and why? Use scholarly articles as well as real world examples to illustrate your points.
Q2
What corporate social responsibility initiatives would you encourage the Board to adopt and why? Use scholarly articles as well as real world examples to illustrate your points.
PART B
Q3
Discuss key motivations (and disincentives) for large companies to address their social responsibilities. Use examples to enhance your answer.
Q4
Discuss the issues or problems arising from the application of principal-agent theory to corporate governance.