Ethical Behaviour and Corporate Governance
Assignment 3a: Enhancing Ethical Behaviour and Corporate Governance
Scenario:
You have been appointed as Communications Director for a large organisation. This is a new post for the organisation. The focus of your role is on ethical behaviour, corporate governance and corporate reporting. The Chairman of the Board is still uncertain about what value your role will offer. You should use the tasks in this assignment to convince her.
Your work should include a brief introduction to a large organisation of your choice that meets the above requirements. It is essential that you develop your evidence in the context of your chosen organisation.
Task 1
- The Chairman of the Board wants to understand the legal framework that affects the corporate behaviours and financial reporting of the organisation.
- Analyse and evaluate THREE laws or practices that affect the corporate behaviours and financial reporting of the organisation
- Explain what impact each of these would have on the organization’s operations
Task 2
- Explain the nature of accounting and professional institutes that represent accountants
- Identify the role of the Board for your chosen organisation and explain its governance responsibilities
- Evaluate how TWO risks associated with the corporate governance for your chosen organisation could be managed to achieve good corporate governance
Task 3
The Chairman of the Board want to be sure that the way in which financial reporting is presented is
meeting the needs of stakeholders.
- Evaluate the way in which your chosen organisation’s financial reporting is impacting on a range of stakeholders
Task 4
The Chairman of the Board is beginning to accept the value of your role as Communications Director. She has asked you to address the following contemporary challenge.
- Explain the significance of corporate governance and ethical behaviour for your chosen organisation
- Explain and critically evaluate ONE contemporary ethical issue arising in relation to the organization’s corporate activity
- Evaluate TWO solutions that could be applied to overcome the issue you have identified
- Explain how the issue and the solution could be communicated to stakeholders in an appropriate and understandable format
Assignment Word Count
Report word count: 2000 words