Reference no: EM133792031 , Length: word count:2000
Assessment Part A: Preparing for my Video Presentation
Learning Outcome 1: Evaluate the success (or lack thereof) of an organisation's governance responsibilities.
Learning Outcome 2: Explain the objective and ethical performance indicators of directors in the context of their regulated roles and responsibilities.
Learning Outcome 3: Analyse the legal and regulatory environment in Australia with a view to understanding its impact on business strategy.
Question 1: Use the box below to tell us a little bit about yourself, including your Country of Origin; and an interesting fact about you.
Question 2: Fill in the table below. Consult ASX CGC Principles 1 and 2 as you work.
ASX Principle/Recommendation briefly stated Supporting evidence in company website
Principle 1: Lay solid foundations for management and oversight
Recommendation 1.1:
A board charter detailing the duties of the board and management should be disclosed by a listed company.
Recommendation 1.6
A publicly traded company should report the results of its periodic board performance evaluations.
Principle 2: Structure the Board to be effective and add value
Recommendation 2.1:
Establish a nomination committee.
Recommendation 2.2:
Disclose a Board Skills Matrix.
Recommendation 2.4:
Ensure most of the board are independent directors.
Recommendation 2.5:
The board chair should be independent.
Recommendation 2.6:
Provide induction and ongoing professional development for directors.
Developing research questions for Assessment 1 Part B
Assessment 1 Part B challenges you to investigate the website information for ONE of the following company pairings:
Comparison 1: Bendigo Adelaide Bank and AGL
Comparison 2: Medibank and Wesfarmers
Your presentation should contain one slide that explains the basis on which you form your verdict that one company displays stronger corporate governance structures and disclosures than the other.
Below, you are invited to create two ‘research questions' or ‘criteria', upon which to base your answer to the question:
"Which company website provides the stronger corporate governance disclosure?"
Question 2: Consult the Evidence column on your page 1 Table, plus the two conclusions provided from Chat GPT (below). Now, develop TWO research questions (criteria) to help you decide which case company provides the stronger corporate governance structures and disclosure.
Research Question 1/Criterion 1:
A company with strong corporate governance structures will display the showcase thorough board compositions, ensuring alignment with ASX CGC Principles regarding board independence and diversity.
AGL: Reports that 75% of its directors are independent, with the chairperson also being independent. AGL has successfully met the ASX 40/60 gender parity guideline, boasting 45% female representation on its board.
Bendigo Adelaide Bank: Is following independence requirements; however, it falls short in providing detailed disclosures regarding board diversity and other metrics.
Research Question 2/Criterion 2:
A company that engages in strong corporate governance disclosure will publish transparent and accessible information, including Board Charters, Skills Matrices, and evaluation outcomes.
AGL: Provides a comprehensive Board Charter, clear skills matrix, and regular evaluation reports. Information is presented in an accessible format on their website.
Bendigo Adelaide Bank: Provides governance information but lacks the depth and accessibility of AGL's disclosures.
Questions to consider
How can we be sure that this information reflects the most up-to-date corporate governance information online? How would you work out the recency of the Corporate Governance information provided by Chat GPT?
What do you notice about the referencing provided? (Consistency across the two answers, and adherence to the KBS referencing style?)