,DPR1504 Assignment 1 (COMPLETE ANSWERS)
Semester 1 2025 - DUE 28 March 2025; 100% correct
solutions and explanations.
To complete Question 1 and Question 2, consult Lonmin
Platinum Mining Company case study uploaded under additional
resources.
QUESTION 1- Reasons for building relationships with
stakeholders [20]
According to the ‘King Code of Governance’, called King IV,
the principle regarding
stakeholders states the following: “As part of its decision-making
in the best interests of the organisation, the governing body
should ensure that a stakeholder-inclusive approach is adopted”.
1.1 What are the three factors that a company should prioritise to
understand who their stakeholders are, and by having a good
relationship with them? (3)
1.2 . How is the reputation of the Lonmin Platinum Mining
Company, based on the case study?
Motivate your answer. (5)
, 1.3. Select one internal stakeholder group from the Lonmin
Platinum Mining Company case study and analyse the
stakeholder by answering the following questions: (12)
Analysing the nature of the organisation’s relationship with
the stakeholder
• What does the organisation need from the stakeholder?
• What does the stakeholder expect from the organisation?
• Does the stakeholder have impact on how the organisation
operates? How?
• What kind of action by this stakeholder has caused harm on
the reputation of the organisation?
1.1 Three Factors for Prioritizing Stakeholders and
Building Relationships
According to the King IV Code of Governance, adopting a
stakeholder-inclusive approach is essential for an organization's
decision-making process. To identify and prioritize stakeholders
effectively, a company should consider the following three
factors:
Semester 1 2025 - DUE 28 March 2025; 100% correct
solutions and explanations.
To complete Question 1 and Question 2, consult Lonmin
Platinum Mining Company case study uploaded under additional
resources.
QUESTION 1- Reasons for building relationships with
stakeholders [20]
According to the ‘King Code of Governance’, called King IV,
the principle regarding
stakeholders states the following: “As part of its decision-making
in the best interests of the organisation, the governing body
should ensure that a stakeholder-inclusive approach is adopted”.
1.1 What are the three factors that a company should prioritise to
understand who their stakeholders are, and by having a good
relationship with them? (3)
1.2 . How is the reputation of the Lonmin Platinum Mining
Company, based on the case study?
Motivate your answer. (5)
, 1.3. Select one internal stakeholder group from the Lonmin
Platinum Mining Company case study and analyse the
stakeholder by answering the following questions: (12)
Analysing the nature of the organisation’s relationship with
the stakeholder
• What does the organisation need from the stakeholder?
• What does the stakeholder expect from the organisation?
• Does the stakeholder have impact on how the organisation
operates? How?
• What kind of action by this stakeholder has caused harm on
the reputation of the organisation?
1.1 Three Factors for Prioritizing Stakeholders and
Building Relationships
According to the King IV Code of Governance, adopting a
stakeholder-inclusive approach is essential for an organization's
decision-making process. To identify and prioritize stakeholders
effectively, a company should consider the following three
factors:
