Finance and Strategic Management Assignment Solved
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Added on 2020-10-22
Finance and Strategic Management Assignment Solved
Added on 2020-10-22
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FINANCE ANDSTRATEGICMANAGEMENT
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1(a)Corporate Governance Status and Challenges........................................................................1(b)Capital Investments of Pan African Resources PLC..............................................................3(c)Pan African Resources PLC Sources of Finance used till end of year...................................4(d)Ratio Analysis for measuring business performance and financial health of Pan AfricanResources PLC............................................................................................................................8(e)Comment upon Pan African Resources PLC stock performance in the stock market.........11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
INTRODUCTIONCorporate Governance is the framework of rules and practices through which Board ofDirectors of any Organisation can ensure there accountability, fairness and sort of transparencywith all the stakeholders they have which includes shareholders, customers, creditors,government etc(Tricker, & Tricker, 2015). This project report states about corporate governancestatus of PAN African Resources PLC and Challenges that are faced by them in following therules and regulation of it. Pan African Resources PLC is an mid tier African gold producer that ishaving production capacity of more than 170000 oz of Gold per annum. This Project reportspresents the existing capital investment of Pan African Resources PLC and also defines thesources form where the fund had been taken and utilised. The Current project report also depictsthe financial performance and health of organisation through Ratio Analysis. In this report thereis also comment on stock performance of company from the investor point of view which willhelp them for future and current investment in Pan African Resources PLC.TASK 1(a)Corporate Governance Status and ChallengesCorporate Governance can be defined as a system of rules and practices through whichnay organisation is controlled and directed(Jacoby, 2018). This involves for maintenance ofinterest of stakeholders which includes customers, suppliers, shareholders, government,community etc.The Board of Pan African Resources PLC is responsible for framework or maintainingstructure of Corporate Governance and that are supported with its four Sub-Committee(Armstrong, Blouin, Jagolinzer, & Larcker, 2015). The disclosure regarding thecorporate governance are regulated by UK Companies Act, the SA Companies Act and AimRules of JSE Listing Agreement Requirements of King IV. The Following is structure ofCorporate Governance followed by Pan African Resources PLC-:1
Here, Board is responsible and accountable for control over performance and operation ofall its subsidiaries. All the functions and act that are related to corporate governance areperformed by BOD of Pan African Resources PLC. The Board Composition of this organisationincludes and have balance of executive and non- executive directors in which majority areindependent directors(Vogel, 2014). They also have all the committed that are required to governcorporate governance this includes Audit Committee, SHEQC Committee, remunerationcommittee etc. Here the director's independence clause is also there that is determined by criteriathat is set in listing agreement act that had been proposed by King IV that includes assessment ofthe character judgement of individual director.The Chairman of the committee provides an independent board leadership and alsoprovide guidance and that helps in facilitating suitable thinking on all the matters that arerequired for creation of board’s attention. The chairman also ensures that the board operateseffectively,efficientlyandcollectively.The Challenges that are faced by Pan African Resources PLC in applying corporateGovernance are-:1.For achieving the excellence that is required for Corporate Governance2
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