Question $1[10$ marks$]$

Critically appraise the importance of whistleblowing in combatting fraud and corruption in an

organisation from a corporate governance perspective. In your answer also address what legislative

duties South African companies and employers have in respect of the protection of whistle$-$blowers.

Question $2[12$ marks$]$

Critically discuss the legal status$/$position of King IV by addressing, amongst others, the evolutionary

nature thereof as well as the hybrid system of corporate governance in South Africa.

Question $3[12$ marks$]$

List four categories of for$-$profit companies identified in terms of the Companies Act, $71$ of $2008,$ and

distinguish between them with regards to their respective incorporators, shareholders, number of

directors and naming conventions.

Question $4[12$ marks$]$

$$A really good board is one that only reduces the efficiency of the company by $20\%.$ Critically discuss

the aforementioned statement in respect of a board$$s role in compliance.

Question $5[12$ marks$]$

Critically discuss board composition as a competitive advantage.

MBAD $824$ Corporate Governance $/$ Exam First Opp $3/3$

Question $6[30$ marks$]$

$$South Africa$$s two largest state$-$owned enterprises $($SOEs$),$ Eskom and Transnet, don$$t currently

have permanent CEOs. This is$,$ how should one put it $...$ not good. The parlous predicament

demands some examination,$$ according to Tim Cohen $($Daily Maverick, $21-27$ October $2023)$

Answer the following questions in light of the above:

$6\mathrm{.}1$ Critically discuss the role and function of a CEO. $(10)$

$6\mathrm{.}2$ Critically discuss why the appointment of a CEO to head an SOE is so different from the

appointment of a CEO of a private company. $(20)$

Question $7[12$ marks$]$

People want to work for something that they believe in and to make a contribution to the world in

which they live. And if business is to succeed, it has to offer them an opportunity to do just that. $($Lord

John Browne, Former Chairman of BP$)$

According to Naidoo $($Corporate Governance an Essential Guide for South African Companies$),$At

the top of Maslow$$s hierarchy of needs is the need for self$-$actualisation $-$ the human desire to find

meaning in life through personal growth and fulfilment. It is this need that is referenced in the above

quotation from BP$$s former chairman, Lord Browne. Were Maslow$$s theory to be translated into a

hierarchy of corporate needs, the uppermost, self$-$actualisation level would be represented by

corporate citizenship and corporate social responsibility.$$

Critically discuss the aforementioned statements in light of the perceived tension between corporate

citizenship and the profit motive of companies.