ACC03043 – Corporate Governance Assessment 1 – Understanding Corporate Collapses - Short written answers DUE DATE: Monday, Week 3, 11:00 PM WORD LIMIT: 2x XXXXXXXXXXwords WEIGHTING: 20% All students...

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all files attached with question paper and scanned copy of the chapter through which the assignment is to be made.The short response holds 20 marks which is very big please ensure to give a good response as i really need to fetch marks on this.submission by saturday 20:30 sydney time. Please dont be late


ACC03043 – Corporate Governance Assessment 1 – Understanding Corporate Collapses - Short written answers DUE DATE: Monday, Week 3, 11:00 PM WORD LIMIT: 2x400-600 words WEIGHTING: 20% All students are required to submit this assessment via the ACC03043 SCU Blackboard learning site. Hard copy and email submissions will not be accepted and late submission penalties will apply to assignments that are not submitted on time via the specified Blackboard site. The following questions are all based on chapter 1 of the textbook. There are two questions associated with this assessment. Answer both questions. Understanding Corporate Collapses 1. Research the three cases of early corporate collapses in Australia mentioned in the textbook on page 11: Alan Bond, Laurie Connell of Rothwells and the Girvan Corporation. Prepare a brief report outlining the case(s). What was the underlying reason for the failure? Would today's corporate governance codes, rules and regulations have prevented these outcomes? (400-600 words / 10 marks) 2. Explore the collapse of financial institutions mentioned in Chapter 1 on page 17 of the textbook. Prepare a brief report on corporate governance implications stemming from the global financial crisis. (400-600 words / 10 marks) You are encouraged to undertake further research about the Australian collapses as well as about the financial institutions to gain a deeper understanding of the case (e.g. board structure, board behaviour, etc.) - trustworthy non- academic sources are acceptable in this context. Following issues need to be considered: • For this assessment task, there is no right or wrong answer. It all depends on your analysis and justification for the answers put forward. You may not have all the information, and the limit to the above word count might be challenging, but this assignment will train you to write quality management reports. • Please answer the two questions individually (i.e. one by one), observing Harvard referencing style and a clear and logical structure, along with the ability to express yourself clearly and succinctly. This is not a report, so no executive summary, introduction or conclusion is needed. Just answer the questions directly one by one. • Your arguments have to be based on concepts and tools discussed in the topics of this unit and must be supported through direct reference to (academic) literature (recent peer-reviewed journals preferred). Your answers will be assessed based on your ability to develop arguments supported by relevant and valid sources (please also refer to marking criteria). You are expected to use at least 2 academic sources per question (excluding the textbook) to support your viewpoints. All sources must be properly referenced. • In addition to the academic references, and in case you want or need additional information about the cases, feel free to engage with non-academic literature, i.e. in order to gain a broader and more detailed understanding of the cases, you can mention and use information and facts from valid newspapers, magazines and/or official reports. Again, all sources must be properly referenced. • Assignments strictly have to be within the word limit (- / + 10 %) • Where cases of plagiarism are found, students will be sanctioned in accordance with university policy (see Blackboard for more information). • All students will be required to submit their assessments via the ACC03043 SCU Blackboard learning site, utilising a Turnitin assignment link. Students will be able to amend and resubmit their assessment following a Turnitin review (ie. multiple submissions are allowed up until the due date). A detailed marking rubric (i.e. marking criteria) will be made available on the ACC03043 Blackboard site (see Assessment Tasks and Submission). END OF ASSIGNMENT Sport Events (Surfing Studies) Corporate Governance for Manager (ACC03043) Marking Criteria Assessment 1 – Short Written Answers DUE DATE: Wednesday, Week 3, 23:00 PM | WEIGHTING: 20% (10% each) ITEM F P C D HD Comments 1. Constructive participation in the task ▪ Extent of engagement ▪ Creativity and originality 2. Relevance and understanding of unit principles and concepts ▪ Relevance ▪ Understanding of theory 3. Critical use of literature and application of theory ▪ Use of literature ▪ Grasp of practical implications of theory 4. Style ▪ Style and referencing
Answered Same DayJul 18, 2021ACC03043Southern Cross University

Answer To: ACC03043 – Corporate Governance Assessment 1 – Understanding Corporate Collapses - Short written...

Azra S answered on Jul 20 2021
129 Votes
Understanding Corporate Collapses
1. Research the three cases of early corporate collapses in Australia mentioned in the textbook on page 11: Alan Bond, Laurie Connell of Rothwells and the Girvan Corporation. Prepare
a brief report outlining the case(s). What was the underlying reason for the failure? Would today's corporate governance codes, rules and regulations have prevented these outcomes? (400-600 words / 10 marks)
Importance of Corporate governance codes and policies
Outline of corporate collapse cases
Alan Bond, Laurie Connell of Rothwells and the Girvan Corporation were being associated with doubtful governance practices back in the 1980s. These companies engaged in providing loans to small businesses with no guarantees of returns resulting in a risky endeavour. This continued for a while but eventually, the stock-market collapsed and these financial institutions failed. In the case of Rothwells, for example, the official report produced evidence of ‘massive private drawings by Connell’ in a way that the loans weren’t disclosed to directors.
These companies failed as their corporate governance was highly unregulated and lacking. They took advantage of their position and wealth and engaged in hostile bids that could and eventually did have serious consequences for their companies.
Reasons for failure
These institutions failed for many reasons. There was lack of presence of proper accountability, ethical code and to a large level, concentration of power or governance in a few hands. However, the most important reason for this failure was the prevalence of the practice of fraudulent corporate financial reporting. This practice made it impossible for the board to know what was actually going on in the institutions and hence implement any kind of censure or remedial measure.
Today’s corporate governance codes
Today’s corporate governance codes are highly directional. They entitle the selected CEOs to be responsible to the management and board. They also direct him to be ethical in his day-to- day operations. The CEO and management are also expected to be effective and present periodical financial statements to show...
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