Both parts to be answered
Part (a)
The sources of good governance obligations can be considered as emanating from three different, but complementary dimensions as follows:
(i) Laws and regulations
(ii) Governance codes, good practice norms and standards
(iii) Behaviours and conduct of those charged with governance
Requirement
Explain these three dimensions and consider to what extent good governance principles and governance codes reflect each dimension. (70%)
Part (b)
How does a risk appetite statement contribute to good governance in a commercial or non- commercial state entity? (30%)
Assignment Objectives
The assignment draws on key topic areas and content in both modules 1 & 2 and will allow for an exploration of what good governance is and highlight the various sources of obligations which are cited as evidencing good governance practices.
Part (a) requirements and the necessary readings, research and reflection will assist student with developing a deeper understanding and appreciation of good governance principles, standards and norms.
Part (b) will, in addition to enhancing knowledge of risk appetite, ensure students see the utility and value of a risk appetite statement to good governance.
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