SEMESTER 2 2023 COMPLETE 2023
GUARANTEED DISTINCTION .
DUE DATE 23rd OCTOBER 2023
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1) Identify 5 Key Board structural issues that are sited as possible causes of the problems at
Steinhoff. (5marks)
1. Lack of Independence: One key structural issue at Steinhoff was the lack of
independence on the board. Many board members had long-standing relationships with
the company or its founder, which compromised their ability to provide objective
oversight.
2. Insufficient Expertise: Another issue was the lack of expertise on the board. Steinhoff had
a complex business model with operations in multiple countries, yet the board lacked
members with relevant industry knowledge and experience.