Students from each group are required to obtain copies of either 2014 or 2015 annual reports of the two allocated ASX companies. The research project consists of two parts. In Part A, students are required to address each of the following tasks and present responses in the form of a report. And, in Part B, students are required to respond to the question in essay form.
Tasks:
PART A
1. Identify and illustrate how the two companies disclose their corporate governance, sustainability, environmental and integrated reporting (if any) strategies, policies and practices.
2. Compute the following corporate governance indicators from the annual reports of the allocated companies: i.) Total number of directors (i.e., board size); ii.) Percentage of non-executive directors (if any); iii.) Percentage of independent directors (if any); iv.) The name of the Chief Executive Officer (CEO) and/or Chairman and the summary of his/her statement in the annual report of the selected companies; v.) Percentage of shares hold by the executive directors; and, vi.) Percentage of shares owned by block-holders and institutional investors.
3. Compare and contrast the corporate governance indicators across the two companies. Discuss and evaluate the effectiveness, strength, and adequacy of the corporate governance practices and principles adopted by these companies with reference to the ASX corporate Governance Principles and recommendations.
4. Briefly elaborate and comment on the two companies overall patterns of reporting for other non-financial activities including sustainability, environmental and integrated reporting (if any). PART B Essay Question: Corporate social responsibility (CSR) including corporate governance as part of a company’s overall strategic agenda. With reference to relevant accounting theories of disclosures, evaluate the role of the independent directors towards the provision of accountability and social responsibility. Your demonstration should include relevant academic and professional literature
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