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RSK4802 assignment 2 second semester 2023 due 23 Oct 2023

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Questions 1) Identify 5 Key Board structural issues that are sited as possible causes of the problems at Steinhoff. (5marks) 2) Follow the recommendations in King IV report on the preferred structures of board members and explain how adopting this would have reduced problems at Steinhoff. (10 Marks) 3) Identify 2 Key Board subcommittees that are mentioned in the case study and guided by their roles and duties, discuss how their ineffective ness contributed to the company’s demise (10 marks) 1) The five key board structural issues that are cited as possible causes of the problems at Steinhoff are: a) Two-tier board structure: Steinhoff followed a two-tier board structure, which consists of a management board and a supervisory board. This structure is intended to ensure independence between the executives and the supervisory board. However, in Steinhoff's case, it appears that the management board did not always keep the supervisory board informed, leading to accountability holes.

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University Of South Africa (Unisa)
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Rsk4802









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University of South Africa (Unisa)
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Rsk4802
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Uploaded on
September 12, 2023
Number of pages
7
Written in
2023/2024
Type
Other
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Governance Risk and Compliance
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management
RSK4802
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10/23/2023



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UNIQUE NO: 591647 ASSIGNMENT 2 SEMESTER 2




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, Questions

1) Identify 5 Key Board structural issues that are sited as possible causes of the

problems at Steinhoff. (5marks)

2) Follow the recommendations in King IV report on the preferred structures of board

members and explain how adopting this would have reduced problems at Steinhoff. (10

Marks) 3) Identify 2 Key Board subcommittees that are mentioned in the case study and

guided by their roles and duties, discuss how their ineffective ness contributed to the

company’s demise (10 marks)
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