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HRD4801 Assignment 1 2024 (716310) - DUE 15 May 2024
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HRD4801 Assignment 1 2024 (716310) QUESTIONS AND ANSWERS
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HRD4801 Assignment 12024 (716310) - DUE 15
May 2024
[Company address]
, HRD4801 Assignment 1 2024 (716310) - DUE 15 May 2024
QUESTION 1
Tongaat Hulett, a major player in South Africa’s agricultural and agri-
processing sector, has been implicated in a severe scandal stemming from
recent accounting irregularities and declining corporate governance ratings.
The scandal concerns widespread irregularities in financial reporting that led
to overstated profits and fraudulent activities. As a result, the company’s
leadership came under scrutiny for neglecting principles associated with
ethics and the governance of risk, ultimately impacting various facets of the
organisation, including the human resource (HR) and human resource
development (HRD) functions.
• Discuss the specific principles of ethics and the governance of risk that were
neglected (10 marks) and analyse the implications of the scandal for the HR
and HRD functions at Tongaat Hulett (5 marks).
• Discuss the potential consequences of these kinds of scandals in relation to
the Johannesburg Stock Exchange (JSE) and the broader investment
landscape in the country (5 marks). (20)
Open Rubric LEARNING OUTCOMES On completion of this assessment,
you should be able to:
• identify and critically discuss the principles of corporate governance.
• assess the implications of human resource development (HRD) governance
in an organisation.
• discuss the roles and responsibilities of corporate governance in your
organisation.
• explain the difference between the King III Report and the King IV Report.
• reflect on the three Ps or the triple bottom line.
• reflect on the significance and relevance of governance in HR and/or HRD.
• critically evaluate the application of corporate governance in HR and/or
HRD. Downloaded by Corona Virus () lOMoARcPSD| 2
Neglected Principles of Ethics and Governance:
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