CAS3701-EXAM
PACK 2024
COMPLETE
QUESTIONS AND
ANSWERS.
FOR ASSISTANCE CONTACT:
, lOMoARcPSD|47080728
Memorandum
Task 1 Students had to attend to the matters raised in the 2 emails
Email 1 - Ethics and Corporate Governance Concerns
This section is not part of the memo, its merely for noting for understanding.
Key Definitions
Terms
Ethics
- Considering what is good and right for the self and the other can be expressed in terms of the
golden rule, namely, to treat others as you would like to be treated yourself. In the context of
the organisations, ethics refers to ethical values applied to decision making, conduct, and the
relationship between the organisation, its stakeholders and the broader society.
Corporate Governance
- For the purposes of King IV, is defined as the exercise of ethical and effective leadership by
the governing body towards the achievement of the following governance outcomes:
o Ethical culture
o Good performance
o Effective Control
o Legitimacy
The use of “corporate” in the term “corporate governance” is used to differentiate it from
other forms of governance, for example national or political governance. “Corporate” refers
to organisations that are incorporated to form legal entities separate from their founders
and therefore applies to all forms of incorporation whether as a company, voluntary
association, retirement fund, trust, legislated entity or others.
1
PACK 2024
COMPLETE
QUESTIONS AND
ANSWERS.
FOR ASSISTANCE CONTACT:
, lOMoARcPSD|47080728
Memorandum
Task 1 Students had to attend to the matters raised in the 2 emails
Email 1 - Ethics and Corporate Governance Concerns
This section is not part of the memo, its merely for noting for understanding.
Key Definitions
Terms
Ethics
- Considering what is good and right for the self and the other can be expressed in terms of the
golden rule, namely, to treat others as you would like to be treated yourself. In the context of
the organisations, ethics refers to ethical values applied to decision making, conduct, and the
relationship between the organisation, its stakeholders and the broader society.
Corporate Governance
- For the purposes of King IV, is defined as the exercise of ethical and effective leadership by
the governing body towards the achievement of the following governance outcomes:
o Ethical culture
o Good performance
o Effective Control
o Legitimacy
The use of “corporate” in the term “corporate governance” is used to differentiate it from
other forms of governance, for example national or political governance. “Corporate” refers
to organisations that are incorporated to form legal entities separate from their founders
and therefore applies to all forms of incorporation whether as a company, voluntary
association, retirement fund, trust, legislated entity or others.
1
