BSBMGT623 : Monitor Corporate Governance Activities Release 1 - Management Assignment Help

Assignment Task:

Task:

Specific task instructions

The instructions and the criteria in the tasks and activities below will be used by the assessor to determine whether the tasks and activities have been satisfactorily completed. Use these instructions and criteria to ensure you demonstrate the required skills and knowledge.

To complete:
read the instructions carefully
undertake the necessary research
type your responses in the sections below.
Submission requirements for this assessment event
Submit the following to your teacher/assessor for marking by the due date:
BSBMGT623_AE_CS_2of2 document with your name on page 1 (this document)
Task 1 Briefing Paper
Task 2 Internal control process
Task 3 Reporting plan
Part 1: Case study

• In this assessment you will be reviewing a case from a regulatory authority regarding corporate governance failure/s and preparing a briefing paper for management of the organisation in the case study who have asked you to review the case to draw conclusions for corporate governance practice.
• A briefing paper provides a summary of facts about a particular issue, and typically includes a suggested course of action. Briefing papers may be prepared for boards, executives or governance committees, and as such, should be written in easily understood, professional language. You may include headings.
• Task 1 Briefing paper
• Locate, analyse and review a non-compliance case and query and investigation from an Australian regulatory authority. You may a case from either:
• Fair Work Ombudsman (news and media releases)
• Safe Work NSW (compliances and prosecutions)
• Fair Trading NSW (case studies)
• ASIC (news centre)
• another regulator relevant to your industry.
• Select a case for which there is enough information for you to complete each component of the assessment below and provide the link. Your response should be a minimum of 1000 words.
• Write a briefing paper to the board of directors. The briefing paper must include the following:
• Identification of the regulator and a link to the case.
• An analysis and description of the parties, incidents and processes to date, based on the query and investigation from the regulatory authority.
• An evaluation and description of legislation, regulations and organisational policies and procedures relevant to the case.
• Identification of three widely agreed performance indicators/benchmarks to evaluate governance compliance against.
• Monitoring and reviewing organisational performance including the following:
• corporate governance failures
• internal control procedures that were used/not used in the case study
• performance against performance indicators.
• Analysis of the cause/s of non-compliances including personnel and IT.
• Recommendations for senior management to support adherence to legal and statutory requirements including:
• specific strategic corrective actions
• new or modified systems and internal control procedures
• new or modified organisational policies
• new Key Performance Indicators to ensure future compliance.
• Reference list with sources of information and advice in Harvard Referencing.
• You can submit the Briefing Paper as an appendix to this document or as a separate document to Moodle, labelled: Your surname_BSBMGT623_AE2_Task1.
• Task 2 Internal control process
• Implement corrective action recommended in Task 1 by establishing a high level Internal Control Process to ensure adherence to legal and statutory requirements for the organisation in the case study. Your response should be approximately 400 words.
• Your process must include:
• Purpose statement.
• Roles and responsibilities of personnel.
• A governance process or procedure.
• Consequences for breaches.
• A plan to report compliance to senior management with deadlines.
• You can submit the Internal Control Process as an appendix to this document or as a separate document to Moodle, labelled: Your surname_BSBMGT623_AE2_Task2.
• Task 3 Reporting plan
• Write a Reporting Plan to ensure the organisation meets future compliance and reporting deadlines. Your response should be approximately 250 words. The plan must include:
• Name of the regulator the organisation will report to.
• Timing for how often the organisation will report and deadlines for reporting.
• Required content in the reporting plan (key content headings).
• Personnel responsible for writing and approving the reporting plan.
• You can submit the Reporting Plan as an appendix to this document or as a separate document to Moodle, labelled: Your surname_BSBMGT623_AE2_Task3.
• References
• Insert references to information sources you used in preparing Event 2. Format your reference list using Harvard Referencing.
• Assessment Feedback
• This section is to be completed by the assessor. Once feedback has been provided by the assessor, you will be given the opportunity to respond. When the UOC’s are being assessed by multiple assessment activities, each activity will be reported as Satisfactory (S) or Not Satisfactory (NS). The final result will be reported as C (Competent) or NC (Not yet competent).
• Specific task feedback
• Table 2 Specific task feedback
• Task Criteria (Y=Yes; P= Partial; N=No) Y P N
• 1 Writes a briefing paper to the board of directors in appropriate format and language 1.1 Located an appropriate non-compliance case from an Australian regulatory authority, identifies the regulator and provided a link to case 1.2 Analysed and described the parties, incidents and processes to date 1.3 Evaluated and described the legislation, regulations or standards and organisational policies and procedures that apply to the case 1.4 Identified three widely agreed performance indicators/benchmarks to evaluate compliance against 1.5 Monitored and reviewed organisational performance including:
• Corporate governance failures
• Internal control procedures that were used/not used
• Performance against performance indicators 1.6 Analyses the cause/s of non-compliances including personnel and IT 1.7 Makes recommendations for senior management to support adherence to legal and statutory requirements including:
• a.specific strategic corrective actions
• b.new or modified systems and internal control procedures
• c.new or modified organisational policies
• d.new Key Performance Indicators to ensure future compliance 1.8 Provides a reference list with sources of information and advice in Harvard Referencing 2 Establishes a high level internal control process to ensure adherence to legal and statutory requirements relevant to organisation in Task 1. Control process includes:

1.Purpose statement.
2.Roles and responsibilities of personnel.
3.A governance process or procedure.
4.Consequences for breaches.
5.A plan to report compliance to senior management with deadlines. 2.4 Writes a reporting plan to ensure the organisation meets future compliance and reporting deadlines. Plan includes the following:
1.Name of the regulator the organisation will report to.
2.Timing for how often the organisation will report and deadlines for reporting.
3.Required content in the reporting plan (key content headings).
4.Personnel responsible for writing and approving the reporting plan. Foundation skills Y P N
Sources and researches textual information in the context of organisational strategy and compliance requirements to support plans, monitoring and reporting Develops complex texts using specialised and detailed language to convey information, requirements and recommendations in accordance with legal and organisational requirements Correctly applies Harvard referencing to in-text citations and reference list Assessor’s recommendation on areas done well and how to improve the 

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