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HRD4801 Assignment 1 (COMPLETE ANSWERS) 2024 (716310) - DUE 15 May 2024 Course Strategic Human Resource Development (HRD4801) Institution University Of South Africa (Unisa) Book Strategic Human Resource DevelopmentR46,54
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HRD4801 Assignment 1 (COMPLETE ANSWERS) 2024 (716310) - DUE 15 May 2024 Course Strategic Human Resource Development (HRD4801) Institution University Of South Africa (Unisa) Book Strategic Human Resource Development
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 repor...
HRD4801 Assignment
1 (COMPLETE
ANSWERS) 2024
(716310) - DUE 15 May
2024 ;100% TRUSTED
workings,
explanations and
soluti ons
ADMIN
[COMPANY NAME]
, 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
Principles of Ethics and Governance of Risk Neglected:
1. Transparency and Accountability: Tongaat Hulett failed to uphold transparency in its financial
reporting, as evidenced by the widespread irregularities. The company neglected to provide
accurate and reliable information to stakeholders, leading to a breach of trust and accountability.
2. Integrity and Honesty: The scandal indicates a lack of integrity within the organization, with
instances of fraudulent activities aimed at artificially inflating profits. The leadership's failure to
uphold honesty in financial reporting undermined investor confidence and tarnished the
company's reputation.
3. Risk Management: Tongaat Hulett neglected principles associated with the governance of risk
by allowing financial irregularities to persist unchecked. Effective risk management practices
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