HRD4801 ASSESSMENT 1 2024 Discuss the specific principles of ethics and the governance of risk that were neglected (10 marks) and analyse the implications of the scandal for the HR and HRD functions at Tongaat Hulett (5 marks). Tau Pride Corporation, a

HRD4801 ASSESSMENT 1 2024 Discuss the specific principles of ethics and the governance of risk that were neglected (10 marks) and analyse the implications of the scandal for the HR and HRD functions at Tongaat Hulett (5 marks). Tau Pride Corporation, a leading manufacturing company in South Africa, has been diligently following the corporate governance principles outlined in the King III Report. However, in light of the introduction of the King IV Report, the company’s board of directors is eager to understand the implications of transitioning from the King III framework to the King IV framework. How would you, as the corporate governance consultant hired by Tau Pride Corporation, advise the board of directors on navigating this transition? (10) The Commonwealth hosted a sustainability seminar, which included a panel discussion about the triple bottom line (TBL) or the three Ps (people, planet and profit). Attendees of the seminar debated whether organisations are genuinely committed to sustainable practices, or if economic growth still takes precedence. Reflecting on the debate, how do you perceive the efforts of organisations, governments and investors towards achieving sustainable practices, particularly their commitment to the TBL? (5) You are a newly appointed HRD manager in a medium-sized organisation. You recognise the importance of governance in HR and/or HRD functions, especially in light of the impact they have on organisational performance and sustainability. Reflecting on the significance and relevance of governance in HR and/or HRD, what strategies will you employ to ensure that HRD contributes effectively to the triple bottom line while aligning with principles of good governance? (5) Evaluate the state of HRD governance and corporate governance in the private and public sectors in South Africa to critique the statement given below. Select one organisation (the Venda Building Society Mutual Bank (VBS) scandal; the Steinhoff scandal; the Public Investment Corporation (PIC) scandal; or a collapsing state-owned entity such as ESKOM) and provide practical examples to substantiate your argument. Include an introduction and a conclusion in your discussion. “Since the publication of the first King Report, South Africa has maintained a proud tradition of corporate governance [introductory statement in the King IV Report]”. (10)