TUTORIAL LETTER 1 (ASSIGNMENT 1) - 2021 FIRST SEMESTER CGE101 CORPORATE GOVERNANCE ! (4) Question 1 [30] 1.1 Define the term "corporate governance" and list the key elements of governance. 1.2 In the 2020 Annual Integrated Report of PSG Group Ltd, a listed company on the Johannesburg Stock Exchange, the following comment is made: 2.1 3.2 Key roles and responsibilities of the Board 2.2 The Board's key roles and responsibilities include, inter alia, the following: 2.2.1 Promoting the interests of all stakeholders; 2.2.2 Formulation and approval of strategy; 2.2.3 Exercising effective control; and 2.2.4 Ultimate accountability and responsibility for the performance and affairs of PSG Group. Pq 30 2.3 The Board is the ultimate custodian of shareholder furds, with a responsibility to invest it wisely to deliver on PSG Group's slated objective of long-term value creation for shareholders. For five marks each, discuss the four key roles as listed in the PSG. You can use your textbook or any other academic articles to elaborate on the topic. 1.3 Do you agree with the closing statement that the Board is the ultimate custodian" of shareholder funds? Fully motivate your answer. TUTORIAL LETTER 1 (ASSIGNMENT 1) - 2021 FIRST SEMESTER CGE101 CORPORATE GOVERNANCE ! (4) Question 1 [30] 1.1 Define the term "corporate governance" and list the key elements of governance. 1.2 In the 2020 Annual Integrated Report of PSG Group Ltd, a listed company on the Johannesburg Stock Exchange, the following comment is made: 2.1 3.2 Key roles and responsibilities of the Board 2.2 The Board's key roles and responsibilities include, inter alia, the following: 2.2.1 Promoting the interests of all stakeholders; 2.2.2 Formulation and approval of strategy; 2.2.3 Exercising effective control; and 2.2.4 Ultimate accountability and responsibility for the performance and affairs of PSG Group. Pq 30 2.3 The Board is the ultimate custodian of shareholder furds, with a responsibility to invest it wisely to deliver on PSG Group's slated objective of long-term value creation for shareholders. For five marks each, discuss the four key roles as listed in the PSG. You can use your textbook or any other academic articles to elaborate on the topic. 1.3 Do you agree with the closing statement that the Board is the ultimate custodian" of shareholder funds? Fully motivate your