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AUE2602 ASSIGNMENT 2 SEMESTER 1&2 FOR 2021 CORRECT ANSWERS[FROM THE STUDY GUIDE AND TEXTBOOK]
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AUE2602 ASSIGNMENT 2 SEMESTER 1&2 FOR 2021 CORRECT ANSWERS[FROM THE STUDY GUIDE AND TEXTBOOK]
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AUE2602 ASSIGNMENT 2 OF2021 TUTORIAL LETTER 001-
2021
100% PASS
, Question 1.1
Governing body
Mr. Hulk, the chairman of the board is not an independent non-executive director since
he owns more that 5%equity interest in the company and also a friend to the company
CEO.
Mr. Thor, the CEO, is not the chairman of the board which is in accordance with the King
iv report
The board should comprise a balance of power with a majority of non-executive
directors who should be independent. The bboard ha only three non-executive directors
as compared to five executive directors and moreover amongst the three only one of
them is independent and the company is not complying with the King.
At least the chief executive director and finance director should be appointed to the
board. Avengers does comply with king since there is Mr. Black Panther the CFO.
Appointments to the board should be a matter for the board as a whole, assisted by the
nominations committee and not by an individual member of the board, Avengers does
not comply with the king since the CEO was appointed by Mr. Hulk alone.
There should be a minimum of three members in the board committee, avengers do
comply since there are nine members.
Term of office is not stipulated by the King but re-election and rotation of members can
be only determined by performance of members in the board when carrying out duties.
There should be also balance of power, gender equality within the governing board,
Avengers does not comply since there is only one lady in the board.
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