HRD4801
Assignment 2 2024
Detailed Solutions, References & Explanations
Unique number: 716310
Due Date: 15 May 2024
QUESTION 1
The specific principles of ethics and the governance of risk that were neglected at Tongaat
Hulett include transparency, accountability, integrity, and compliance.
Firstly, transparency refers to the clear and open communication of the company's financial
information and activities. The scandal at Tongaat Hulett revealed that there was a lack of
transparency in the financial reporting, with profits being overstated and fraudulent activities
being conducted. This lack of transparency led to a misrepresentation of the company's
financial position, which ultimately impacted stakeholders and investors.
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