How might a better application of the ASX Corporate Governance Principles lower the failure risk of kogan.com?
What You Need To Do:
You should first read Chapter 1 of Hamilton and Micklethwait (2006) Greed and Corporate Failure: The Lessons from Recent Disasters. The essay requires you to critically analyze the corporate governance practices of kogan.com and extract linkages to the potential reasons for failure discussed by Hamilton and Micklethwait (2006). Using the readings, the 2020 Corporate Governance Statements and Annual reports for kogan.com and your own research, you must write an essay summarizing your arguments on how a better application of the ASX Corporate Governance Principles may possibly lower the risk of failure for kogan.com.
Essential Components:
• the essay must consider existing and new business risks facing kogan.com and the retail industry in Australia as a result of the COVID-19 crisis.
• You must also refer to and apply the current 4th Edition of the ASX Corporate Governance Principles (ASX Corporate Governance Council (ASX CGC), 2019) in the essay. The recommended changes should deal with three potential reasons for failure and three different ASX Corporate Governance Principles as solutions.
• There is a 2,000-word limit excluding the reference list.
• The essay must follow conventional Harvard referencing guidelines and citation style.
Task Overview:
The purpose of the individual essay is to allow you to put accounting and corporate governance concepts into practice in a real-life situation and allow you to display your research and writing skills on an individual basis. The essay and the arguments that you develop should help to provide a link of accounting theory to practice.
References:
ASX Corporate Governance Council (ASX CGC) (2019), Corporate Governance Principles and Recommendations, ASX Corporate Governance Council, Sydney.
Hamilton, S. and Micklethwait, A. (2006), Greed and Corporate Failure: The Lessons from Recent Disasters, Palgrave Macmillan UK, London.
