ASSIGNMENT COVER SHEET
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AIB student ID number:
Kamla Rampersad de Silva
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I, the above named student, confirm that by submitting, or causing the attached assignment to be submitted, to AIB, I have not plagiarised any other person’s work in this assignment and except where appropriately acknowledged, this assignment is my own work, has been expressed in my own words, and has not previously been submitted for assessment.
(to be completed by the examiner)
Principles learnt (for example, number and understanding of principles referred to, their influence on the structure of this paper, number and correct citations of references, use of appropriate jargon)
Application of principles. That is, the analysis and evaluation of the example problem based on the principles, including the final recommendations and their justification
How well the example problem was described, including the extent and depth of information (including the data) about it that was accessed
Structure and presentation
Style, grammar and language
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I agree with the assessor’s assessment
I disagree with the assessor’s assessment and the new mark is as follows for the following reasons: /20
Review of the governance structure of an organisation.
Conduct a review of the governance of your organisation (or one with which you are familiar) in the form of a report to the Chairman (or President) of the Governing Board of Directors. In the brief report use the concepts, tools and techniques learned in this subject to review the structure, process and effectiveness of the governance of the organisation and to make recommendations for appropriate improvements. The report should include:
A) An outline of, and brief explanation of the importance of, the bases or criteria for the review of the organisation’s governance (e.g., refer to which standards or guiding principles are relevant for the review) and why you need to use them. B) A brief overview of the concepts, principles, standards or other tools and techniques learnt during this subject, in conducting your review. C) A list of recommendations for suggested improvement based on your review.
Word Count: 2504 words
The proliferation of corporate scandal has brought corporate governance into the spotlight. Stakeholders have now become more aware of the power and responsibility of the board of directors. As such emphasis is being placed on the review of the board of directors and the extent to which they exhibit good corporate citizenry. This paper seeks to function as a report to the chairman of the board of directors regarding a review of the governance structure of Republic Bank (Limited) Guyana. Specific attention will be placed on the functions of the board and the extent to which they are in keeping with the international best practice, legal and regulatory frameworks.
Table of Contents
Bases of Review
Overview of the Republic Bank (Guyana) Limited
Responsibility 1: To act in good faith, diligently, and with care
Responsibility 2: To treat all shareholders fairly
Responsibility 3: To ensure compliance with the law
Responsibility 4: To review and guide corporate strategy
Responsibility 5: To...
References: ‘History of Republic Bank’ 2015, About Republic Bank, viewed 17 Mach 2015, https://www.republicguyana.com/about/history-republic-bank.
‘The Report of the Cadbury Committee on The Financial Aspects of Corporate Governance: The Code of Best Practice’, Corporate Governance: An International Review, vol. 1, no. 3, pp. 124-124.
Claessens, S 2003, Corporate Governance and Development, The World Bank, Washington.
Cossin, D & Caballero, J 2013, Active Chairmanship Background: Literature Review, IMD University, IMD Global Board Center.
Du Plessis, J, McConvill, J and Bagaric, M 2005, Principles of contemporary corporate governance, Cambridge University Press, Cambridge.
Duhamel, V 2002, ‘Promoting Shareholder Participation’ paper presented at The Fourth Asian Roundtable on Corporate Governance, 11-12 November 2002, http://www.oecd.org/corporate/ca/corporategovernanceprinciples/2484854.pdf.
Leblanc, R 2005, 20 questions directors should ask about governance assessments. Toronto: Canadian Institute of Chartered Accountants, Toronto.
OECD 2004, OECD Principles of Corporate Governance 2004, OECD Publications Service, France.
Republic Bank (Guyana) Limited 2014, Annual report 2014: The power of one, Republic Bank (Guyana) Limited, Guyana.
Tricker, B 2012, Corporate Governance: Principles, Policies and Practices, Oxford University Press, Oxford.
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