Stakeholder Management

BMIS – L1 – QA3 – Stakeholders

Describe Mendelow's power-interest matrix.

Question

(a) Describe Mendelow’s power-interest matrix.

(b) Identify factors that may give substantial power to a stakeholder or a group of stakeholders in an entity, who are either inside or external to the entity.

(c) Suggest how the power-interest matrix may be used by the management of an entity as an aid to implementing a strategic change.

Answer

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Tags: Mendelow Matrix, Stakeholder Management, Strategic Change
Level: Level 1

Topic: The business organisation and its stakeholders

SCS – L3 – Q36 – Strategy, stakeholders and mission

State corporate objectives for Guardian Group based on its organizational aims.

Question

(a) With reference to the organizational aims set out above, state what Guardian Group’s corporate objectives should address.

(b) Guardian Group is a divisionalised conglomerate operating across the Zamfrican continent. Discuss the sources of strategic management information that the directors of Guardian Group may use in order to formulate group strategy and explain how such information may be used in strategic decision-making.

(c) Evaluate the performance of the AE division of Guardian Group and make recommendations to the directors about the manner in which divisional appraisal should be carried out.

(d) Discuss the factors that the board of Guardian Group would need to consider in deciding whether or not to acquire another company.

(e) Assuming that the acquisition in (d) above has been made, discuss how the directors of Guardian Group could evaluate whether the AE division is adding value to the enterprise.

Answer

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Tags: Corporate objectives, Mission Statement, Organisational goals, Stakeholder Management, Strategic planning
Level: Level 3

Topic: stakeholders and mission, Strategy

SCS – L3 – Q31 – Ethics and social responsibility

Explain the CSR stances of enlightened self-interest and multiple stakeholder obligations for Zamtel Communications Ltd.

Question

(a) Different organizations take different stance on corporate social responsibility (CSR), which will be reflected in how they manage such responsibilities. The stance taken normally reflects the extent of inclusion of stakeholders’ interests.

Required:

Explain each of the following CSR stance:

(i) Enlightened self-interest.

(ii) Multiple stakeholder obligation.

(b) Zamtel Communications Ltd is a recently listed local company that is in the process of reorganizing its corporate governance structure to reflect its status as a public company. At the first board meeting after the listing, the board chairman raised the issue of setting up of sub-committees of the Board. The Board agreed to start with two sub committees which are Remuneration Committee and Audit Committee. The board chairman is unsure how the remuneration committee of the board should be composed, its functions and other related matters. As a corporate governance consultant, the board chairman has written to you for advice on various issues regarding the remuneration committee.

Required:

Write a report to the board chairman advising him of the following:

(i) The composition of the Remuneration Committee.

(ii) THREE functions of Remuneration Committee.

(iii) THREE factors to be considered in the remuneration of executive and non-executive directors.

Answer

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Tags: Corporate Social Responsibility, CSR Stances, Enlightened Self-Interest, Multiple Stakeholder Obligations, Stakeholder Management, Zamora
Level: Level 3

Topic: Ethics and social responsibility

SCS – L3 – Q17 – Professional practice and codes of ethics

Identify three situations at NTM conflicting with IFAC's Code of Ethics.

Question

At its recent Annual General Meeting, management of NTM was highly criticized for two major scandals that occurred in the organization during the year. In one case, newspapers reported that the management of the company connived with officials at the port to undervalue imports in order to pay lower taxes. In the other case, it was reported that the accountant leaked information to his friend who was bidding for a contract in the company. The Board Chairman, who is also the Chief Executive Officer of the company apologized for these incidents but did not disclose that the company had been sued in respect of the first case. He went on to promise the shareholders that the fortunes of the company would change dramatically by the end of the new year as the company was going to start exporting its products to Europe within the next few weeks.

Required:
(a) Identify and explain THREE situations that are in conflict with the International Federation of Accountants (IFAC)’s Code of Ethics.

(b) Explain FOUR disadvantages of the CEO acting also as the Chairman of the Board.

Answer

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Tags: Confidentiality, Conflicts of Interest, Corporate Governance, Disclosure, Ethics, IFAC Code, Integrity, Stakeholder Management
Level: Level 3

Topic: Professional practice and codes of ethics

Tag (SQ): Stakeholder Management

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BMIS – L1 – QA3 – Stakeholders

Describe Mendelow's power-interest matrix.

SCS – L3 – Q36 – Strategy, stakeholders and mission

State corporate objectives for Guardian Group based on its organizational aims.

SCS – L3 – Q31 – Ethics and social responsibility

Explain the CSR stances of enlightened self-interest and multiple stakeholder obligations for Zamtel Communications Ltd.

SCS – L3 – Q17 – Professional practice and codes of ethics

Identify three situations at NTM conflicting with IFAC's Code of Ethics.

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Tag (SQ): Stakeholder Management

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BMIS – L1 – QA3 – Stakeholders

Describe Mendelow's power-interest matrix.

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SCS – L3 – Q36 – Strategy, stakeholders and mission

State corporate objectives for Guardian Group based on its organizational aims.

You're reporting an error for "SCS – L3 – Q36 – Strategy, stakeholders and mission"

SCS – L3 – Q31 – Ethics and social responsibility

Explain the CSR stances of enlightened self-interest and multiple stakeholder obligations for Zamtel Communications Ltd.

You're reporting an error for "SCS – L3 – Q31 – Ethics and social responsibility"

SCS – L3 – Q17 – Professional practice and codes of ethics

Identify three situations at NTM conflicting with IFAC's Code of Ethics.

You're reporting an error for "SCS – L3 – Q17 – Professional practice and codes of ethics"

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