RSK4802
ASSIGNMENT 1
DUE DATE: 20 MAY 2026
, RSK4802 ASSIGNMENT 1 2026
20 MAY 2026
According to King 3 report, The Board of directors are expected to execute their
duties with diligence. Discuss the four main pillars of good corporate
governance, which are Accountability, Fairness, Transparency, and
responsibility. Apply these to the VBS looting saga and through research
demonstrate how these principles were
BS Mutual Bank was created to help rural communities, but it collapsed in 2018 after
nearly R2 billion was stolen. A forensic report called The Great Bank Heist by Advocate
Terry Motau found that the bank’s board members, senior managers, outside auditors,
and some public officials worked together to steal money from the bank. The stolen
money included savings from municipalities, burial societies, and ordinary people
Good corporate governance is the system by which companies are directed and
controlled. The King Code of Governance Principles (King IV) defines four main pillars
as its foundation (King IV 2016, Part 5.1, Principle 1):
Responsibility: The board is given authority to act on the company’s behalf and
must accept full responsibility for its powers, overseeing management and acting
in the best interests of the company (RSK4802 Study Guide, unit 3, learning
outcome 3).
Accountability: The board is obligated to answer for its execution of
responsibilities. This includes providing a balanced and understandable
ASSIGNMENT 1
DUE DATE: 20 MAY 2026
, RSK4802 ASSIGNMENT 1 2026
20 MAY 2026
According to King 3 report, The Board of directors are expected to execute their
duties with diligence. Discuss the four main pillars of good corporate
governance, which are Accountability, Fairness, Transparency, and
responsibility. Apply these to the VBS looting saga and through research
demonstrate how these principles were
BS Mutual Bank was created to help rural communities, but it collapsed in 2018 after
nearly R2 billion was stolen. A forensic report called The Great Bank Heist by Advocate
Terry Motau found that the bank’s board members, senior managers, outside auditors,
and some public officials worked together to steal money from the bank. The stolen
money included savings from municipalities, burial societies, and ordinary people
Good corporate governance is the system by which companies are directed and
controlled. The King Code of Governance Principles (King IV) defines four main pillars
as its foundation (King IV 2016, Part 5.1, Principle 1):
Responsibility: The board is given authority to act on the company’s behalf and
must accept full responsibility for its powers, overseeing management and acting
in the best interests of the company (RSK4802 Study Guide, unit 3, learning
outcome 3).
Accountability: The board is obligated to answer for its execution of
responsibilities. This includes providing a balanced and understandable
