Black-Letter Legal Approach - Collapse of the South African-Based Steinhoff Group - Corporate Governance Assignment Answer

Internal Code: 1AGCBA

Corporate Governance Assignment Answer

TASK: The collapse of the South African-based Steinhoff Group and the Collapse of the UK-based Carillion plc, are two corporate collapses that illustrate that, irrespective of the aspirational aims of Voluntary Corporate Governance Codes, they seem not to achieve what they were aimed at achieving and there are some commentators that argue that we should move away from Voluntary Corporate Governance Codes to a “Black-Letter Legal Approach” of corporate governance: 1. Briefly explain the different forms of corporate governance regulation and motivate why you would prefer a specific form of corporate governance regulation 2. Identify and explain 5 bad corporate governance practices in the Steinhoff Group and 5 bad corporate governance practices in Carillion plc, which, in your view, contributed to these collapses and express your view as to what should be done to avoid a repetition of these practices in future. (b) It will be assessed in the research paper whether students effectively communicate in writing corporate governance developments and implementation practices In the assignment the students will have to demonstrate high-level digital literacy in mobilising information sources in analysing corporate governance developments and practices It will be assessed whether the students critically analyse, evaluate and propose solutions to corporate governance issues and practices required in the research topics It will be assessed whether students demonstrate high level capacities to organise and undertake successfully independent legal research on corporate governance matters required in the research topics.

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