1. In what way does this scandal demonstrate a lack of corporate governance on Tesco’s part?
2. Were the actions taken by newly appointed chief executive Dave Lewis sufficient to address that lack of governance? Explain.

3. Does the fact that the actions that led to the overstatement of profits had been going on for over a year make the lack of governance any worse? Why or why not?

4. Does PwC bear some responsibility here? Why or why not?

5. Lewis identified three immediate priorities in turning the Tesco situation around. What are they and will they be enough? Explain.

6. What else should Tesco do to restore investor confidence in their business ethics?