wl 50 ? - X Assignment 1..docx - Word VIEW FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW AR L I.3.1.41 | 17. I 18 1:12 5 16 17 7:18:1:9 19 10 | 11 | 12 | 13 | 14 | 15 | | Read the following case study comprehensively and answer the questions thereafter. Case Study Naspers defends composition of the board Naspers, South-Africa's largest media company, defended the composition of the board and its remuneration policy, following criticism of its corporate governance. In a recent report, Bennet's Research gave Naspers a score of 1.5 out of five for corporate governance, saying some board members had been with the company too long to be sufficiently independent and its remuneration policies did not comply with best practices. Naspers react by saying Our pool of directors is by nature long-servicing, because there are limited people with appropriate experience in South Africa. Naspers Koos Bekker said in an interview after the meeting. "Bennet's got some things completely wrong when it made its pay comparisons, "he said. Six of Naspers directors were appointed more than 10 years ago, according to the company's annual report. Bennet also said that Naspers's voting structure gave inequitable control to holders of its so-called A-shares. "While control structures are normally frowned upon from a corporate governance perspective, we recognised that Naspers has generated substantial value to shareholders over time" Bennet's said. The correct structure of the board is imperative to ensure the alignment of the interests of the shareholders and the company. Looking at the information above, what would you bear in mind for (1) the board duties and the responsibilities of directors in terms of the principles of governance, (2) the board of director's best practices and (3) what would Mervyn King's guidelines be to directors? Write a report to the board of directors at Naspers where you outline these important governance practices that should be addressed PAGE 2 OF 2 539 WORDS 2 ENGLISH (UNITED STATES) + 100% Type here to search o e L W H 23:07 2022/04/05 15C Read the following case study comprehensively and answer the questions thereafter. Case Study Naspers defends composition of the board Naspers, South Africa's largest media company, defended the composition of the board and its remuneration policy, following criticism of its corporate governance. In a recent report, Bennet's Research gave Naspers a score of 1.5 out of five for corporate governance, saying some board members had been with the company too long to be sufficiently independent and its remuneration policies did not comply with best practices. Naspers react by saying Our pool of directors is by nature long-servicing, because there are limited people with appropriate experience in South Africa. Naspers Koos Bekker said in an interview after the meeting. "Bennet's got some things completely wrong when it made its pay comparisons, he said. Six of Naspers directors were appointed more than 10 years ago, according to the company's annual report. Bennet also said that Naspers's voting structure gave inequitable control to holders of its so-called A-shares. "While control structures are normally frowned upon from a corporate governance perspective, we recognised that Naspers has generated substantial value to shareholders over time" Bennet's said. The correct structure of the board is imperative to ensure the alignment of the interests of the shareholders and the company. Looking at the information above, what would you bear in mind for (1) the board duties and the responsibilities of directors in terms of the principles of governance, (2) the board of director's best practices and (3) what would Mervyn King's guidelines be to directors? a Write a report to the board of directors at Naspers where you outline these important governance practices that should be addressed. wl 50 ? - X Assignment 1..docx - Word VIEW FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW AR L I.3.1.41 | 17. I 18 1:12 5 16 17 7:18:1:9 19 10 | 11 | 12 | 13 | 14 | 15 | | Read the following case study comprehensively and answer the questions thereafter. Case Study Naspers defends composition of the board Naspers, South-Africa's largest media company, defended the composition of the board and its remuneration policy, following criticism of its corporate governance. In a recent report, Bennet's Research gave Naspers a score of 1.5 out of five for corporate governance, saying some board members had been with the company too long to be sufficiently independent and its remuneration policies did not comply with best practices. Naspers react by saying Our pool of directors is by nature long-servicing, because there are limited people with appropriate experience in South Africa. Naspers Koos Bekker said in an interview after the meeting. "Bennet's got some things completely wrong when it made its pay comparisons, "he said. Six of Naspers directors were appointed more than 10 years ago, according to the company's annual report. Bennet also said that Naspers's voting structure gave inequitable control to holders of its so-called A-shares. "While control structures are normally frowned upon from a corporate governance perspective, we recognised that Naspers has generated substantial value to shareholders over time" Bennet's said. The correct structure of the board is imperative to ensure the alignment of the interests of the shareholders and the company. Looking at the information above, what would you bear in mind for (1) the board duties and the responsibilities of directors in terms of the principles of governance, (2) the board of director's best practices and (3) what would Mervyn King's guidelines be to directors? Write a report to the board of directors at Naspers where you outline these important governance practices that should be addressed PAGE 2 OF 2 539 WORDS 2 ENGLISH (UNITED STATES) + 100% Type here to search o e L W H 23:07 2022/04/05 15C Read the following case study comprehensively and answer the questions thereafter. Case Study Naspers defends composition of the board Naspers, South Africa's largest media company, defended the composition of the board and its remuneration policy, following criticism of its corporate governance. In a recent report, Bennet's Research gave Naspers a score of 1.5 out of five for corporate governance, saying some board members had been with the company too long to be sufficiently independent and its remuneration policies did not comply with best practices. Naspers react by saying Our pool of directors is by nature long-servicing, because there are limited people with appropriate experience in South Africa. Naspers Koos Bekker said in an interview after the meeting. "Bennet's got some things completely wrong when it made its pay comparisons, he said. Six of Naspers directors were appointed more than 10 years ago, according to the company's annual report. Bennet also said that Naspers's voting structure gave inequitable control to holders of its so-called A-shares. "While control structures are normally frowned upon from a corporate governance perspective, we recognised that Naspers has generated substantial value to shareholders over time" Bennet's said. The correct structure of the board is imperative to ensure the alignment of the interests of the shareholders and the company. Looking at the information above, what would you bear in mind for (1) the board duties and the responsibilities of directors in terms of the principles of governance, (2) the board of director's best practices and (3) what would Mervyn King's guidelines be to directors? a Write a report to the board of directors at Naspers where you outline these important governance practices that should be addressed