Assignment Task
Corporate social responsibility, sustainability, risk management and business ethics report for Ok Tedi Mining Limited.
Write a corporate social responsibility, sustainability, risk management and business ethics report based on an organization. Name (Ok Tedi Mining Ltd)
First, you will discuss corporate risk, identifying at least five risks (i.e. at least one from corporate strategic, management-level and operational areas) and appropriate policies.
Second, discuss corporate social responsibility (CSR) and sustainability practices in relation to your selected organisation. Arguing how CSR and sustainability practices will affect your organisation’s short-term and long-term performance or goals.
Third, discuss business ethics at your selected organisation including a discussion of the attributes’ directors ought to have and why corporate ethics should start in the boardroom.
Next you will make recommendations including any implications and or limitations because of earlier outlined assumptions. Last you will conclude succinctly based on the main findings.
Learning outcomes
Demonstrate advanced understanding of contemporary corporate governance theory, frameworks and practice. [LO#1]
Critically evaluate and effectively communicate complex concepts to recommend improvements relating to corporate governance and organisational issues. [LO#2]
Apply corporate governance laws, theory and techniques to professional practice in an ethical manner. [LO#3]
Task
Select an organisation (Oktedi Mining Limited) and pretend you are one of its independent non-executive directors. Address the following areas based on the disclosed governance information and relevant governance concepts and theories.
Part A. Corporate Risk Management:
Investigate and discuss your selected organisation’s current risk framework, including a discussion of the board committee responsible for risk management.
Identify at least five risks (i.e. at least one from each of corporate strategic, management-level and operational areas) for your chosen organisation using any method we learned in Module 4. Assess and evaluate the recognised risks by their impact and probability (allocating a level from 1 to 5) and use the tool provided in map the risks into a risk matrix. Finally, discuss appropriate risk policies for the five selected risks.
Part B. Corporate Social Responsibility (CSR) and Sustainability:
Discuss CSR and sustainability and its relevance to corporate governance.
Discuss the CSR and sustainability practices at your selected organisation and how such practices affect its short-term and long-term performance/goals.
Discuss COVID-19 as one of the risks. Affecting FIFO workers and onsite vaccination requirements, management, mitigation, awareness, training etc. etc.
Part C. Business Ethics in the Boardroom:
Discuss the selected organisation’s business ethics, including a discussion of the attributes Directors ought to have and why corporate ethics should start in the boardroom?
Part D.
Based on your findings in Part A, Part B and Part C above, summarise the key implications, limitations, recommendations, and conclude your report.
Requirements
Succinctly introduce your selected organisation and discuss any assumptions (i.e. see AIB Style Guide on how to set out your Introduction section).
In each section, discuss relevant corporate governance, law, principles and theories.
Critically discuss Risk Management, CSR and Sustainability, and Business Ethics practices in the context of your selected organisation.
Make explicit recommendations based on the findings from your report (e.g. this section could include any implications and or limitations because of earlier assumptions) and conclude by summarising the main findings.
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