Page 17 - CIMA SCS Workbook November 2018 - Day 1 Tasks
P. 17
Chapter 5
RISK MANAGEMENT (P3)
FAMILIARISATION
1 CORPORATE GOVERNANCE
EXERCISE 1 – ANALYSIS OF CORPORATE GOVERNANCE
Evaluate the corporate governance structure at Novak.
From the information provided does Cronland follow a principles based or rules based approach?
What are the implications of each?
2 RISK
EXERCISE 2 – RISKS
As part risk management, Novak will need to consider all risks it faces. There is a brief extract
from Novak’s risk report on page 23; what other risks does Novak face?
3 INTERNAL CONTROLS
EXERCISE 3 – RISK ANALYSIS AND MITIGATION
Novak will also need to consider how it should deal with the risks it faces. For each risk identified
on page 23 and for all the risks identified in exercise 2 consider how significant the risk is and
identify what mitigations Novak is taking or should be taking.
KAPLAN PUBLISHING 13
