Reference no: EM132983154 , Length: word count:3000
Corporate Governance
Research:
• Conducted independent research relevant to the topic, including the use of secondary legal sources in particular, legal texts, authoritative materials from internet sites and academic (peer reviewed) journal articles and books.
Analysis:
• Answered the set question(s) through identification and discussion of relevant legal issues.
• Demonstrated an understanding of the topic, presented different points of view (if applicable), presented well-constructed arguments, and demonstrated critical thinking.
Presentation :
• Used clear expression and provided proper citations for legal sources in footnotes and a bibliography or reference list.
Assignment topic:
Cryptocurrencies have been generating a lot of interest in business circles and the general population in recent years.
At the October 2021 meeting of the board of directors of a fictional Australian financial institution, AusFinz Ltd, the board intends to consider the implications of cryptocurrencies for the company (which is a listed entity). Specifically, the board wants to address two issues, namely:
- Whether AusFinz should consider investing in one or more cryptocurrencies; and
- Whether AusFinz should develop specialist cryptocurrency-based financial products including home loans and credit cards.
Required:
You work for the CFO of AusFinz, Khan Tran. Khan has asked you to prepare a research paper for the Board which explains:
- The nature of cryptocurrencies;
- How they are bought and sold;
- How transactions using cryptocurrencies are recorded; and
- Whether cryptocurrenices have been adopted for use by any listed companies in Australia or overseas.
Khan would like you to include a selection of public comments made by financial journalists or analysts from financial institutions in Australia about the use of cryptocurrencies as an investment or as a currency for financial products.
Khan would also like you to include your own personal opinion, based on your research, on whether an investment in cryptocurrencies by AusFinz would be compatible with good corporate governance.
In the paper, you should ignore specific banking regulation such as the Banking Act 1959 (Cth).
Attachment:- Corporate Governance - Assignment.rar