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22/08/2022
Topic (scenario) 1 In this assessment, students are required to consider the relationship between enterprise risk management frameworks and corporate governance for Australian companies in the scenario provided. Scenario You are a consultant who has been engaged by the CEO of a national Australian not for profit organisation (NFP) to review how risk is identified and managed according to corporate governance requirements. The organisation is about to enter a partnership with an Australian Federal government (public sector) department to take over providing health services to young people with a disability. The NFP Chief Executive Officer (CEO) has been asked by the government department to demonstrate how they meet Australian public sector corporate governance requirements regarding the identification and management of risk. At the moment, the not for profit organisation manages risks at a department or team level, and the CEO and other executives set the strategic risk plan. There are no stakeholders involved in assessing risk other than the employees. You do not have to develop an enterprise risk management or corporate governance framework in detail, but your report should consider the above information and determine if the current practices meet corporate governance requirements for this public sector and NFP partnership. Your report should include an assessment as to whether the not for profit organisation is meeting its current corporate governance requirements regarding the identification and management of risk. Your report should make high-level recommendations regarding areas in the enterprise risk management framework that may need attention or improvement from both a government sector and NFP sector ERM perspective. Your report should be based on your own, independent research and critical analysis, refer to appropriate academic literature, including journal articles, relevant textbooks as well as relevant industry, or sector best practice guides. Support your report with real life cases where appropriate. You need to write the report as if you are writing directly to the client, but adhere to academic writing requirements Topic (Scenario 2) In this assessment, students are required to consider corporate governance frameworks relevant to Australian companies in the scenario provided. Scenario You are a consultant who has been requested by the Chief Executive Officer (CEO) of an IT company to conduct a review of its Board structure and composition. You do not have all of the facts but the Chief Executive Officer (CEO) has provided a few key points. The CEO is Chairman of the Board and also the Company Secretary. There are three executive and three non-executive members of the Board. All of the non-executive members have been on the Board since 2000 and they are all relatives of the CEO. The Chief Financial Officer is an executive member of the Board, and was the organisations external audit partner up until 12 months ago. The CEO wants to know what is considered good corporate governance practice in Australia these days. He also wants some information about the risks and benefits for the company if he was to change the board structure. Even though you do not have to develop a detailed restructure of the board yourself, your report should identify important elements of an effective corporate governance framework for Australian companies. This includes but is not limited to the role and responsibilities of the Board and Management, as well as the structure and composition of the Board. You should include any recommended changes to the current Board structure, the risks and benefits of making changes, and considerations for a successful transition to a new Board. Your report should be based on your own, independent research and analysis, refer to appropriate academic literature, including journal articles and textbooks. Support your report with real life cases where appropriate. You need to write the report as if you are writing directly to the client, but adhere to academic writing requirements.
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The writer is very fast, professional and responded to the review request fast also. Thank you.
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