PURPOSE
The purpose of this assignment is for students to:
1. Demonstrate an understanding of the nature of the corporate entity and be aware of the authoritative influences that underpin accounting and reporting in the Australian and global regulatory environment; and
2. Explain the issues surrounding contemporary accounting controversies, in this case on corporate governance in diverse contexts using social, ethical, economic, regulatory and global perspectives.
ASSIGNMENT QUESTION
Corporate governance is the system by which companies are directed and controlled
(Cadbury Committee, 1992`).
Using the annual reports of Westpac Group (a financial institution based in Australia) and OCBC Group (a financial institution based in Singapore). search for any disclosures in these two institutions' corporate governance principles and practices. In relation to these disclosures:
(a) Identify any differences or similarities in their corporate governance practices; and
(b) Provide any reasons from the business and regulatory environments in the countries to explain these differences?
ASSESSMENT CRITERIA
You need to define and understand the term -corporate governance. For this you are required to read and cite credible sources like academic journals. These should be current articles.
For questions (a) and (b) you may tabulate your answers (a) to show the differences and similarities and (b) the reasons for these differences. Your answers should be specific to the two financial institutions in the question.
Check the marking rubric on Blackboard>Assessment.
ADMINISTRATIVE DETAILS
Your answer can be tabulated or written in an essay form. The maximum length of this assignment is 1.500 words (excluding references or bibliography).
This assignment must be typewritten and double-spaced. A copy should always be kept by the student. Attach an Assignment Cover Sheet to your submission (refer to the link on Blackboard - General Policy and Forms).
It is important that you provide proper referencing (APA eh edition) for your work. If you are unsure of this do attend the relevant Learning Support Workshop on Referencing.
5 references