1
UNISA EXAM MEMO RSK2601 OCTOBERNOVEMBER 2014
SECTION A (40 MARKS)
1. 2 11. 3 21. 4 31. 3
2. 4 12. 2 22. 4 32. 3
3. 3 13. 2 23. 2 33. 4
4. 3 14. 3 24. 3 34. 1
5. 3 15. 2 25. 2 35. 2
6. 3 16. 1 26. 4 36. 3
7. 2 17. 4 27. 3 37. 2
8. 4 18. 1 28. 3 38. 2
9. 4 19. 2 29. 4 39. 3
10. 3 20. 3 30. 3 40. 1
SECTION B (30 MARKS)
Question 1 (10 marks)
1.1 (6 marks) (any 6)
Increase in the likelihood of a business realising its objectives
Build confidence in stakeholders and the investment community
Comply with relevant legal and regulatory requirements
Align risk appetite and strategy
Improve organisational resilience
Enhance corporate governance
Embed the risk process through the organisation
Minimise operational surprises and losses
Optimise allocation of resources
Identify and manage cross enterprise risks
1.2 (4 marks)
Corporate governance is the framework of rules and practices by which a board of directors ensures
accountability, fairness and transparency in a company's relationship with all its stakeholders
(financiers, customers, management, employees, government and the community).
The corporate governance framework consists of:
Explicit and implicit contracts between the company and the stakeholders for distribution of
responsibilities, rights, and rewards;
Procedures for reconciling the sometimes conflicting interests of stakeholders in accordance
with their duties, privileges, and roles, and
Procedures for proper supervision, control and information flows to serve as a system of
checks and balances.
081 438 7509/ 061 429 0222/ 078 548 0303
UNISA EXAM MEMO RSK2601 OCTOBERNOVEMBER 2014
SECTION A (40 MARKS)
1. 2 11. 3 21. 4 31. 3
2. 4 12. 2 22. 4 32. 3
3. 3 13. 2 23. 2 33. 4
4. 3 14. 3 24. 3 34. 1
5. 3 15. 2 25. 2 35. 2
6. 3 16. 1 26. 4 36. 3
7. 2 17. 4 27. 3 37. 2
8. 4 18. 1 28. 3 38. 2
9. 4 19. 2 29. 4 39. 3
10. 3 20. 3 30. 3 40. 1
SECTION B (30 MARKS)
Question 1 (10 marks)
1.1 (6 marks) (any 6)
Increase in the likelihood of a business realising its objectives
Build confidence in stakeholders and the investment community
Comply with relevant legal and regulatory requirements
Align risk appetite and strategy
Improve organisational resilience
Enhance corporate governance
Embed the risk process through the organisation
Minimise operational surprises and losses
Optimise allocation of resources
Identify and manage cross enterprise risks
1.2 (4 marks)
Corporate governance is the framework of rules and practices by which a board of directors ensures
accountability, fairness and transparency in a company's relationship with all its stakeholders
(financiers, customers, management, employees, government and the community).
The corporate governance framework consists of:
Explicit and implicit contracts between the company and the stakeholders for distribution of
responsibilities, rights, and rewards;
Procedures for reconciling the sometimes conflicting interests of stakeholders in accordance
with their duties, privileges, and roles, and
Procedures for proper supervision, control and information flows to serve as a system of
checks and balances.
081 438 7509/ 061 429 0222/ 078 548 0303
