2021
AUE2602 Assignment 2 ANSWERS 2021
MEL
, AUE2602 Assignment 2 of 2021
Question 1.1
❖ Governing body
❖ Mr. Hulk, the chairman of the board is not an independent non-executive
director since he owns more that 5%equity interest in the company and also
a friend to the company CEO.
❖ Mr. Thor, the CEO, is not the chairman of the board which is in accordance
with the King iv report
❖ The board should comprise a balance of power with a majority of non-
executive directors who should be independent. The bboard ha only three
non-executive directors as compared to five executive directors and
moreover amongst the three only one of them is independent and the
company is not complying with the King.
❖ At least the chief executive director and finance director should be
appointed to the board. Avengers does comply with king since there is Mr.
Black Panther the CFO.
❖ Appointments to the board should be a matter for the board as a whole,
assisted by the nominations committee and not by an individual member of
the board, Avengers does not comply with the king since the CEO was
appointed by Mr. Hulk alone.
❖ There should be a minimum of three members in the board committee,
avengers do comply since there are nine members.
❖ Term of office is not stipulated by the King but re-election and rotation of
members can be only determined by performance of members in the board
when carrying out duties.
❖ There should be also balance of power, gender equality within the
governing board, Avengers does not comply since there is only one lady in
the board.
b) Governing body (chairperson)
1|P ag e
AUE2602 Assignment 2 ANSWERS 2021
MEL
, AUE2602 Assignment 2 of 2021
Question 1.1
❖ Governing body
❖ Mr. Hulk, the chairman of the board is not an independent non-executive
director since he owns more that 5%equity interest in the company and also
a friend to the company CEO.
❖ Mr. Thor, the CEO, is not the chairman of the board which is in accordance
with the King iv report
❖ The board should comprise a balance of power with a majority of non-
executive directors who should be independent. The bboard ha only three
non-executive directors as compared to five executive directors and
moreover amongst the three only one of them is independent and the
company is not complying with the King.
❖ At least the chief executive director and finance director should be
appointed to the board. Avengers does comply with king since there is Mr.
Black Panther the CFO.
❖ Appointments to the board should be a matter for the board as a whole,
assisted by the nominations committee and not by an individual member of
the board, Avengers does not comply with the king since the CEO was
appointed by Mr. Hulk alone.
❖ There should be a minimum of three members in the board committee,
avengers do comply since there are nine members.
❖ Term of office is not stipulated by the King but re-election and rotation of
members can be only determined by performance of members in the board
when carrying out duties.
❖ There should be also balance of power, gender equality within the
governing board, Avengers does not comply since there is only one lady in
the board.
b) Governing body (chairperson)
1|P ag e
