Parmi Natesan and Researching Principle 7 of the King IV Case Study - Management Assignment Help

Assignment Task

Task 

Read the case study below and answer the question that follows.

Recent testimonies at the Commission of Inquiry into Allegations of State Capture (Zondo Commission) would certainly serve to emphasise the need for Directors to be capacitated with the requisite skills for good governance. Parmi Natesan, CEO of the Institute of Directors in South Africa (IoDSA), made the following statement: “Directorship is a profession like any other, and those taking up Board seats must have the correct skills combined with independence in order to fulfil their duties.” The primary duty of directors is to always act in good faith and the best interests of the company by acting with care, diligence and skill. If they fail to do so, directors expose themselves to enormous risk and can be held personally liable for poor decisions. Natesan argues that, as a non-negotiable, “one simply cannot serve as a director if one doesn’t understand what the basic fiduciary duty is, and what skills are required.” 

consult at least 10 additional credible/academic resources and respond to the following request: You have been approached to serve as a board member of a listed company. After reading the comments of Parmi Natesan and researching Principle 7 of the King IV, explain your willingness, or not, to serve as a board member?

Your response should include the following:

Principle 7 of the King IV, explain your willingness, or not, to serve as a board member? SA company

Table of Contents covering the following:

• Introduction
• Description of the organisation which approached you
• Literature review
• Reasons why you will accept or not accept the appointment
• Recommendations
• Conclusion. Your response must be in report format. You need to consult at least 10 additional credible/academic sources to inform this discussion. These sources must be included as in-text citations and in a reference list. 

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