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AUE2602 ASSIGNMENT 2 SEMESTER 1&2 FOR 2021 CORRECT ANSWERS[FROM THE STUDY GUIDE AND TEXTBOOK] R50,00   Add to cart
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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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  • July 14, 2021
  • 8
  • 2020/2021
  • Other
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  • aue2602 assignment 2 semester 1amp2 for 2021 correct answersfrom the study guide and textbook

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AUE2602 ASSIGNMENT 2 OF
2021 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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