QUESTION 4 (20 Marks) 4.1 Provide a definition for corporate governance (4 marks) 4.2 Determine the purpose of corporate governance in ERM (4 marks) 4.3 What are the requirements for good corporate governance in an organization? (4 marks) 4.4 In a study of outstandingly successful businesses and companies that failed, it was found that strategic factors were considered to be more important than good corporate governance. What are your views on this? (4 marks)

4.5 The boards role should be to steer the corporation towards corporate governance policies that support long- term sustainable growth in shareholder value.

Provide FOUR (4) descriptors through which the board can steer a company towards corporate governance policies that support long-term sustainable growth in shareholder value. (4 marks) QUESTION 5 (20 Marks) 5.1 Market risk can be influenced by four risk factors. Identify these risks. (4 marks) 5.2 Explain and discuss in detail each of the risks identified in 5.1 above (16 marks)