You are required to research and write an article, not more than 2,500 words, based on the following guidelines:

BM55-3.5-2 Ethics & Corporate Governance Individual Assignment Page 4 of 4

Module Code: BM55-3.5-2 ECGINDIVIDUAL ASSIGNMENT (30% weightage)Assignment Description

This assignment comprises 30% of your total marks for this module. Please answer all, Question 1, Question 2 and Question 3.Question 1Board diversity is one of the key issues in ensuring effective board of directors. Critically evaluate the validity of this statement of a public listed company in any country that adopts this policy.

(Total: 40 marks)Question 2Company Enigma has just been listed on Bursa Malaysia. The CEO is setting up a new division called Ethics and Compliance in order to integrate governance into each and every employees. As the member of this division, you have been appointed as the steering committee to develop a strategy to ensure the right company values and code of conduct which will be part of the employees corporate DNA. Required:Using your personal experience in organising/participating in a charitable event, identify and explain the impact of such activities to society and how this can promote good code of conduct in your company.(Total: 30 marks)Question 3Bank B did not have a proper system of control in place to keep watch of all activities of its employees and there were no risk management procedures at the Asian branch during that time to check the trading activities that were carried out. A lack of active involvement by the Board and management of Bank B, allowed Mr N to chalk up astronomical losses from his trading activities that brought the old financial institution to its knees. Bank B was one of the oldest merchant bank until it went into receivership. Bank B established a small office in Asia in the late 80s named B Securities (Asia) Limited. Its main business was on equities and futures trading on the floor of the Asian International Monetary Exchange. Mr. N was transferred to Asian Branch as General Manager - his duty being to purchase and maintain a seat on Asian International Monetary Exchange and to hire traders and staff. He was however, not authorised by the Bank to trade. Despite this, Mr. N soon took the necessary qualifications and began trading with his team of traders. Hence, in addition to being a general manager and leader of the trading team, he was also the de facto head of the back office, given his vast experience in operations. Such an arrangement made it possible for Mr. N to approve unauthorised transactions carried out in the front trading room and fabricate spurious information to the main office. Although the fact that Mr. N was holding too many positions was pointed out in an internal audit report in early 90s, the Bank continued to allow him to carry on with his duties. Due to the negligence on the part of the head office in taking heed to the internal audit report, Mr. N was able to cover up his huge trading losses by putting it through the unused error account (88888), which was set up to cover losses of inexperienced traders and was hidden away from the report to the head office. He manipulated the day trading books and created fictitious contracts that never existed in order to record profits in the reports that were sent to the head office in London. By the end of his game, which the management was completely unaware of a whole three years, Mr. N was sentenced to six and a half years jail after chalking up $800 million of losses which led to the bankruptcy of the Bank.

Required:a) Evaluate the problems concerned the above scenario in terms of corporate governance (8 marks)b) Explain the measures that could have been taken to prevent the situation in the above scenario.

(8 marks)c) Discuss the importance of Cadbury and Turnbull Report in this scenario.(14 marks) (Total: 30 marks) (Total marks: 100 marks)Specification of Assignment:1.You should have a minimum of 6 references to substantiate your research and assignment writing. You are REQUIRED to use Harvard referencing methods for this assignment.

2.The assignment should be well-structured and the use of proper paragraphs for topic separation is encouraged.

3.The assignment must adhere to standard academic documentation standards:

Font Type: Times New Roman

Font Size: 12pts

Line Spacing: 1.5-line spacing

4.The assignment to be written between 2500-3000 words.

MARKING SCHEMEYour assignment will be marked based on the following criteria:-

Content & Facts systematic & analytical ability

45 marks

Development & Discussion

30 marks

Language & Grammar

10 marks

Referencing

10 marks

Overall effectiveness

5 marks

TOTAL 100 marksMarks are awarded based on the following guidelines:

GradeDescription of performance level

75%-100%

(A A+)There were mature and interesting points based on the answer provided. You make clear your position based on your understanding. Each point supported with valid explanation. Shows understanding and reflection of subject matter. Minimum 4 to 5 points given. References to relevant models, theories and concepts have been made.

65% 74% (B - B+)There were sufficient points raised with valid explanations provided. Position supported in theory/model-based arguments. There is adequate understanding of subject matter. Minimum 4 to 5 points given. References to relevant models, theories and concepts have been made.

50% 64% (C - C+)Minimal understanding of subject matter. Insufficient points given and explanations are unclear or not helpful in clarifying points. Not enough reference given.

Below 50%

(F - F+)No clear understanding of the subject matter. Points are off-topic and do not relate to research. No understanding of theories and concepts taught. Not enough reference given. Numerous grammatical and spelling mistakes.

A.P.U Level 2 Asia Pacific University of Technology & Innovation201601