Question

The companies Act, 71 of 2008, allows for the board of a company to appoint a number of committees.

1. How can one ensure that committees, once they are established, functions effectively.

2.Do you think that it is correct to say that king IV is silent on the issue of committees? Fully motivate your answer.

3.The establishment of an audit committee is a legislative requirements. Describe the responsibilities of the Audit committee as reflected in the companies Act.

Question 3

3.1 King IV establishes principles and make recommendations in relation to "ethical leadership" and the establishment of an "ethical culture" in organization. List the relevant principles and discuss the recommendations made by king IV on how to implement these principles in your organization.

3.2 The issue of "responsible investing" has become very important n recent years.

3.2.1 Explain what the objectives were when the code for responsible investing in south Africa (CRISA) was when it was launched in 2012?

3.2.2 To whom was it applicable?

3.2.3 Discuss the principles that it wishes to establish.

3.3.4 Describe how the CRISA principles relate to principle 17 of king IV.

3

Answer 1