The biggest scandal to hit Apple in recent years is undoubtedly the batterygate' of December 2017....
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The biggest scandal to hit Apple in recent years is undoubtedly the batterygate' of December 2017. This started when a Reddit user reported that a software update had reduced the performance of their iPhone but that this had corrected itself when they replaced the battery. This post led to a lot of press coverage, with some commentators suggesting that Apple was trying to force users to upgrade by deliberately slowing devices as they aged. Tim Cook issued a statement on the matter a week after the news broke, confirming that the software was designed to throttle performance but claiming that the intent was only to prevent unexpected shutdowns, which could affect devices with older batteries. The company offered a discount on battery replacements as a gesture of goodwill for those affected. REQUIRED: (a) Critique issues of corporate governance from the case given above with corporate governance code and ethical point of view. (10 marks) (b) Critique on other corporate governance issues faced by Apple Inc. and recommended how the issues can be solved. (5 marks) (c) Assess the benefits of the separation of the role of chief executive and chairman and explain how 'accountability to shareholders' is increased by the separation of these roles. The biggest scandal to hit Apple in recent years is undoubtedly the batterygate' of December 2017. This started when a Reddit user reported that a software update had reduced the performance of their iPhone but that this had corrected itself when they replaced the battery. This post led to a lot of press coverage, with some commentators suggesting that Apple was trying to force users to upgrade by deliberately slowing devices as they aged. Tim Cook issued a statement on the matter a week after the news broke, confirming that the software was designed to throttle performance but claiming that the intent was only to prevent unexpected shutdowns, which could affect devices with older batteries. The company offered a discount on battery replacements as a gesture of goodwill for those affected. REQUIRED: (a) Critique issues of corporate governance from the case given above with corporate governance code and ethical point of view. (10 marks) (b) Critique on other corporate governance issues faced by Apple Inc. and recommended how the issues can be solved. (5 marks) (c) Assess the benefits of the separation of the role of chief executive and chairman and explain how 'accountability to shareholders' is increased by the separation of these roles.
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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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