RSK4801
EXAM PACK
Recent exam questions and answers
Summarised study notes
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+27 81 278 3372
DISCLAIMER & TERMS OF USE
1. Educational Aid: These study notes are designed to serve as educational aids and should not be considered as a
substitute for individual research, critical thinking, or professional guidance. Students are encouraged to
conduct their own extensive research and consult with their instructors or academic advisors for specific
assignment requirements.
2. Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the
information provided in these study notes, the seller cannot guarantee the completeness or correctness of all
the content. It is the responsibility of the buyer to verify the accuracy of the information and use their own
judgment when applying it to their assignments.
3. Academic Integrity: It is crucial for students to uphold academic integrity and adhere to their institution's
policies and guidelines regarding plagiarism, citation, and referencing. These study notes should be used as a
tool for learning and inspiration, but any direct reproduction of the content without proper acknowledgment and
citation may constitute academic misconduct.
4. Limited Liability: The seller of these study notes shall not be held liable for any direct or indirect damages,
losses, or consequences arising from the use of the notes. This includes, but is not limited to, poor grades,
academic penalties, or any other negative outcomes resulting from the application or misuse of the information
provide
]
, lOMoARcPSD|22437965
CONFIDENTIAL RSK4801
Page 1 of 26
May/June 2024
UNIVERSITY EXAMINATIONS
May/June 2024
RSK4801
OPERATIONAL RISK MANAGEMENT
100 marks
Duration: 4 hours
STUDENT NUMBER
Examiners:
Primary: Prof. AT Mutezo
Co-Primary: Ms. S Maré
Secondary: Mrs. Z Yousuf
External: Dr. H Le Roux
INSTRUCTIONS
This online assessment consists of 26 pages. Please read the instructions for the invigilator
app below and scan the QR code.
This paper consists of five questions based on a case study.
Write your answers in the designated spaces below the questions or answer the questions in a Word
document, number your answers correctly and submit in PDF format. Please note that this is a
closed-book examination.
[TURN OVER]
Open Rubric
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, lOMoARcPSD|22437965
CONFIDENTIAL RSK4801
Page 2 of 26
May/June 2024
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CONFIDENTIAL RSK4801
Page 3 of 26
May/June 2024
Instructions:
Read the case study below and then answer ALL the questions related to it.
CASE STUDY: THE AIRPORT MANAGEMENT COMPANY (AMC) LTD
Introduction
The Airport Management Company Ltd (AMC) is listed on the Johannesburg Stock
Exchange (JSE). It manages an international airport near Johannesburg in Gauteng
and seven regional airports across South Africa. Over the past two years, several
high-profile events have caused AMC to experience a decline in headline earnings
and receive negative media coverage.
Governance
A corporate governance lobby group criticised AMC during the most recent annual
general meeting (AGM) for not complying with the King IV Report on Corporate
Governance. The lobby group was quite vocal about the audit committee's role,
which also took responsibility for the risk management oversight, and expressed
concern that the internal audit function lacked independence, as it also performed
specific operational roles, such as loss control and security. Significant pressure was
also placed on AMC to restructure the board and its sub-committees when the main
board was ignorant of the scope and impact of the high-profile events referred to
above.
Three years ago, the AMC Board decided that the company should become the
preferred airport management company in Southern Africa. They planned to achieve
this by acquiring small regional airports. AMC successfully acquired these airports,
but now both management and the Board are concerned about its ability to
effectively manage the larger portfolio of airports. Recent events at Johannesburg’s
flagship airport have underscored that the management team is overburdened and
faces constraints in effectively handling additional crises.
[TURN OVER]
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EXAM PACK
Recent exam questions and answers
Summarised study notes
Exam tips and guidelines
+27 81 278 3372
DISCLAIMER & TERMS OF USE
1. Educational Aid: These study notes are designed to serve as educational aids and should not be considered as a
substitute for individual research, critical thinking, or professional guidance. Students are encouraged to
conduct their own extensive research and consult with their instructors or academic advisors for specific
assignment requirements.
2. Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the
information provided in these study notes, the seller cannot guarantee the completeness or correctness of all
the content. It is the responsibility of the buyer to verify the accuracy of the information and use their own
judgment when applying it to their assignments.
3. Academic Integrity: It is crucial for students to uphold academic integrity and adhere to their institution's
policies and guidelines regarding plagiarism, citation, and referencing. These study notes should be used as a
tool for learning and inspiration, but any direct reproduction of the content without proper acknowledgment and
citation may constitute academic misconduct.
4. Limited Liability: The seller of these study notes shall not be held liable for any direct or indirect damages,
losses, or consequences arising from the use of the notes. This includes, but is not limited to, poor grades,
academic penalties, or any other negative outcomes resulting from the application or misuse of the information
provide
]
, lOMoARcPSD|22437965
CONFIDENTIAL RSK4801
Page 1 of 26
May/June 2024
UNIVERSITY EXAMINATIONS
May/June 2024
RSK4801
OPERATIONAL RISK MANAGEMENT
100 marks
Duration: 4 hours
STUDENT NUMBER
Examiners:
Primary: Prof. AT Mutezo
Co-Primary: Ms. S Maré
Secondary: Mrs. Z Yousuf
External: Dr. H Le Roux
INSTRUCTIONS
This online assessment consists of 26 pages. Please read the instructions for the invigilator
app below and scan the QR code.
This paper consists of five questions based on a case study.
Write your answers in the designated spaces below the questions or answer the questions in a Word
document, number your answers correctly and submit in PDF format. Please note that this is a
closed-book examination.
[TURN OVER]
Open Rubric
Downloaded by Corona Virus ()
, lOMoARcPSD|22437965
CONFIDENTIAL RSK4801
Page 2 of 26
May/June 2024
[TURN OVER]
Downloaded by Corona Virus ()
, lOMoARcPSD|22437965
CONFIDENTIAL RSK4801
Page 3 of 26
May/June 2024
Instructions:
Read the case study below and then answer ALL the questions related to it.
CASE STUDY: THE AIRPORT MANAGEMENT COMPANY (AMC) LTD
Introduction
The Airport Management Company Ltd (AMC) is listed on the Johannesburg Stock
Exchange (JSE). It manages an international airport near Johannesburg in Gauteng
and seven regional airports across South Africa. Over the past two years, several
high-profile events have caused AMC to experience a decline in headline earnings
and receive negative media coverage.
Governance
A corporate governance lobby group criticised AMC during the most recent annual
general meeting (AGM) for not complying with the King IV Report on Corporate
Governance. The lobby group was quite vocal about the audit committee's role,
which also took responsibility for the risk management oversight, and expressed
concern that the internal audit function lacked independence, as it also performed
specific operational roles, such as loss control and security. Significant pressure was
also placed on AMC to restructure the board and its sub-committees when the main
board was ignorant of the scope and impact of the high-profile events referred to
above.
Three years ago, the AMC Board decided that the company should become the
preferred airport management company in Southern Africa. They planned to achieve
this by acquiring small regional airports. AMC successfully acquired these airports,
but now both management and the Board are concerned about its ability to
effectively manage the larger portfolio of airports. Recent events at Johannesburg’s
flagship airport have underscored that the management team is overburdened and
faces constraints in effectively handling additional crises.
[TURN OVER]
Downloaded by Corona Virus ()
