subject- Governance in a globalizing world
Purpose:This assignment is to provide you with an opportunity to understand current and topical corporate governance issues, review and research corporate governance theories and apply them to corporate situations. It is to be written in essay form, with headings where these are required for clarity.
This assignment will contribute 30% to your overall grade.
Details:
Choose one newspaper or magazine article which relate to one or more aspects of corporate governance, and complete the following:
- Outline and summarize theargumentsmade in the article. (approx. 300 words)
- Why is itimportant/interesting/relevantfor the media to report on these arguments? (approx. 300 words)
- Discuss thecorporate governance issuesand their importance (approx. 600 words)
- Conclude byproviding your opinionabout the corporate governance issues raised in the article (approx. 300 words)
Marks will also be assigned to the quality of writing, paragraphing, structure and formatting, referencing.
The article will be attached below for you to refer.
i have attached the rubric, please refer to it to know how to proceed.
ews - Renault Luca de Meo takes reins at Renault worldwide Tour of duty: Incoming Renault CEO Luca de Meo has spent more than half his two-decade automotive career in senior roles at Volkswagen Group, but his first job after graduation was with the French carmaker. Former VW Group exec Luca de Meo appointed Renault CEO, Delbos continues as deputy 29 Jan 2020 By HAITHAM RAZAGUI RENAULT has appointed former Volkswagen Group senior executive Luca de Meo to the CEO role vacated by Thierry Bollore last October, with the French car-maker’s chief financial officer Clotilde Delbos – who stepped into the interim CEO role after Mr Bollore’s departure – promoted to deputy CEO. The recruitment of an outsider for the crucial role within the scandal-hit Renault-Nissan-Mitsubishi Alliance marks the latest leadership reshuffle in what appears to be a clearing of allies to former chairman and CEO Carlos Ghosn following his arrest in Japan in late 2018 for alleged financial misconduct. Mr de Meo and Ms Delbos will commence their roles at the publicly listed Renault SA on July 1 this year, with Mr de Meo also becoming chairman of privately owned division Renault SAS on the same date. Alliance partner Nissan named Makoto Uchida as CEO in early October last year following the board’s unanimous vote to remove Ghosn protege Hiroto Saikawa from the position over financial irregularities relating to his pay. The appointment of Mr Uchida – a relative newcomer to the alliance, having joined Nissan in 2003 – came just months into his role as president of Nissan’s Chinese Dongfeng Motor Company joint venture. Mitsubishi Motors chief operating officer Ashwani Gupta was simultaneously moved into the equivalent position at Nissan, with Mr Gupta’s successor at Mitsubishi yet to be named. Mr Uchida’s links to Renault through a previous role as vice-president of purchasing for the alliance and Mr Gupta’s long history with all three members of the alliance – he had served as general manager of purchasing for Renault India, for example – point to an attempt to ease tensions within the alliance that surfaced around the time of Mr Ghosn’s arrest. Click to shar Motor industry news GoAutoNews is Australia’s number one automotive industry journal covering the latest news, future and new model releases, market trends, industry personnel movements, and international events. Download page https://www.goauto.com.au/authors/haitham-razagui.html https://www.goauto.com.au/goautonews.html https://www.goauto.com.au/ https://www.goauto.com.au/goautonews.html As exclusively reported by GoAuto last week, Mr Gupta has expressed strong belief in the alliance, describing such partnerships as “redefining the future of the industry”. Bringing in an outsider such as Mr de Meo to lead Renault, which owns 43 per cent of Nissan, suggests a fresh start is desired by the Renault-Nissan- Mitsubishi conglomerate. To this end, Groupe Renault chair Jean-Dominique Senard described the company’s refreshed leadership as “a high-quality, multi-talented team equal to Renault’s ambitions”. From November 2015 until this month, Mr de Meo chaired the executive committee of Spanish car brand Seat while also sitting on the supervisory board of Ducati and Lamborghini and serving as chair of the board at Volkswagen Group in Italy. Prior to this he had been board member for sales and marketing at Audi since 2012, having joined VW in 2009 as marketing director for Volkswagen brand passenger cars and the broader VW Group. Mr de Meo started his automotive career at Renault after completing his business administration degree at Luigi Bocconi Commercial University in his hometown of Milan, followed by stints at Toyota Europe and what was then Fiat Group, where he managed the Alfa Romeo, Fiat and Lancia brands. In a statement, Groupe Renault said Mr de Meo’s career success and experience “combines all the qualities to contribute to all aspects of Groupe Renault’s development and transformation”. Mr Senard said he was “delighted with this new governance, which marks a decisive step for the group and for the alliance”. “Luca de Meo is a great strategist and visionary of a rapidly changing automotive world. His expertise but also his passion for cars make him a real asset for the group,” he said. Ms Delbos joined Renault in 2012 as group controller and became CFO in 2016 after almost two years as global director of control within the alliance. She also chairs the board of directors at Renault’s finance and insurance division RCI Banque and sits on the Groupe Renault executive committee. The Renault announcement states that her roles with RCI Banque and as CFO will continue. Mr Senard said Ms Delbos “has demonstrated day after day her commitment and determination in the service of Renault” and that she was delivering “interim management of the group in an exceptional manner”. As reported, Mr Ghosn managed to skip his $A14 million bail bond and escape to Lebanon last December. He held a press conference earlier this month to state his intention of clearing his name outside the Japanese legal system, which he said would give him “zero chance of getting a fair trial”. Former Nissan representative director Greg Kelly remains in Japan on bail pending trial. A conviction in Japan for the alleged crimes carries a prison sentence of up to 10 years. As a result of the scandal in Japan, the United States Securities and Exchange Commission (SEC) has fined Nissan, Mr Ghosn and Mr Kelly a combined $US16.1 million ($A23.8m). In addition, Interpol has released a ‘red notice’ against Mr Ghosn, but Lebanon continues to provide Brazilian-born Frenchman of Lebanese ancestry with a safe haven from extradition. Read more 21st of January 2020 Nissan COO believes in ‘true power of the alliance’ Gupta discusses Nissan-Renault relations, megatrends impacting Nissan, and much more 9th of January 2020 Ghosn hits back following Japanese escape Former Nissan chairman Carlos Ghosn speaks out after skipping bail in Japan 18th of October 2019 https://www.goauto.com.au/news/nissan/nissan-coo-believes-in-lsquo-true-power-of-the-alliance-rsquo/2020-01-21/81365.html https://www.goauto.com.au/news/nissan/nissan-coo-believes-in-lsquo-true-power-of-the-alliance-rsquo/2020-01-21/81365.html https://www.goauto.com.au/news/nissan/nissan-coo-believes-in-lsquo-true-power-of-the-alliance-rsquo/2020-01-21/81365.html https://www.goauto.com.au/news/nissan/nissan-coo-believes-in-lsquo-true-power-of-the-alliance-rsquo/2020-01-21/81365.html https://www.goauto.com.au/news/general-news/people/ghosn-hits-back-following-japanese-escape/2020-01-09/81247.html https://www.goauto.com.au/news/general-news/people/ghosn-hits-back-following-japanese-escape/2020-01-09/81247.html https://www.goauto.com.au/news/general-news/people/ghosn-hits-back-following-japanese-escape/2020-01-09/81247.html https://www.goauto.com.au/news/general-news/people/ghosn-hits-back-following-japanese-escape/2020-01-09/81247.html https://www.goauto.com.au/news/nissan/nissan-coo-believes-in-lsquo-true-power-of-the-alliance-rsquo/2020-01-21/81365.html https://www.goauto.com.au/news/general-news/people/ghosn-hits-back-following-japanese-escape/2020-01-09/81247.html Renault CEO Bollore exits Groupe Renault board ‘ends mandate’ of Bollore as another former Ghosn ally departs 9th of October 2019 Nissan names new CEO Dongfeng boss Makoto Uchida named Nissan CEO after another bites the dust 24th of September 2019 United States fines Nissan, Ghosn, Kelly over fraud Ghosn-Kelly financial scandal leads to repercussions for Nissan in United States https://www.goauto.com.au/news/renault/renault-ceo-bollore-exits/2019-10-18/80401.html https://www.goauto.com.au/news/renault/renault-ceo-bollore-exits/2019-10-18/80401.html https://www.goauto.com.au/news/renault/renault-ceo-bollore-exits/2019-10-18/80401.html https://www.goauto.com.au/news/renault/renault-ceo-bollore-exits/2019-10-18/80401.html https://www.goauto.com.au/news/nissan/nissan-names-new-ceo/2019-10-09/80283.html https://www.goauto.com.au/news/nissan/nissan-names-new-ceo/2019-10-09/80283.html https://www.goauto.com.au/news/nissan/nissan-names-new-ceo/2019-10-09/80283.html https://www.goauto.com.au/news/nissan/nissan-names-new-ceo/2019-10-09/80283.html https://www.goauto.com.au/news/nissan/united-states-fines-nissan-ghosn-kelly-over-fraud/2019-09-24/80089.html https://www.goauto.com.au/news/nissan/united-states-fines-nissan-ghosn-kelly-over-fraud/2019-09-24/80089.html https://www.goauto.com.au/news/nissan/united-states-fines-nissan-ghosn-kelly-over-fraud/2019-09-24/80089.html https://www.goauto.com.au/news/nissan/united-states-fines-nissan-ghosn-kelly-over-fraud/2019-09-24/80089.html https://www.goauto.com.au/news/renault/renault-ceo-bollore-exits/2019-10-18/80401.html https://www.goauto.com.au/news/nissan/nissan-names-new-ceo/2019-10-09/80283.html https://www.goauto.com.au/news/nissan/united-states-fines-nissan-ghosn-kelly-over-fraud/2019-09-24/80089.html Criteria A B C D N % Outline and summarize the arguments made in the article. Understanding of article demonstrated by clear and appropriate identification and summary of all of the key arguments. Understanding of article demonstrated by clear identification and summary of most of the key arguments. Some understanding demonstrated by identification and summary of some of the key arguments. Some key arguments may be missing, or extraneous arguments identified. There is an attempt to identify and summarise arguments from the article, but summary is not supported by arguments, and does not clearly identify the issues raised. Some key arguments missing, or extraneous arguments identified. The answer does not demonstrate sufficient understanding of the article and/or the task. 20 Why is it: important/interesting/relevant for the media to report on these arguments? The significance of the corporate governance issues in the media article is discussed in an in-depth manner using the article as reference. The significance of the corporate governance issues reported on is discussed in part using the article as reference. The significance of media reporting on the corporate governance issues is discussed in part, but there is limited reference to the article, or significance of these issues is not clear There is an attempt to discuss the significance of media reporting on the corporate governance issues, but this is not discussed appropriately, or their significance made clear The significance of media reporting on the corporate governance issues is not discussed. 15 Discuss the corporate governance issues and their importance The answer clearly and appropriately identifies relevant corporate governance issues and discusses them using relevant references The answer clearly and appropriately identifies most of the relevant corporate governance issues and discusses them using relevant references The answer shows you can describe some of the relevant corporate governance issue but have not discussed their importance and/or substantiated your argument with references The answer demonstrates you do not understand the relevant corporate governance issue and you have failed to make an argument as to why they are significant to the articles You have not addressed relevant corporate governance issues nor their importance 30 Conclude by providing your opinion about the corporate governance issues raised in the article The answer clearly and appropriately outlines your opinion on all the governance issues raised in the articles The answer clearly and appropriately outlines your opinion on some of the governance issues raised in the articles The answer outlines your opinion on some of the governance issues raised in the articles, but your argument is unclear The answer attempts to provide your opinion but is insufficient or unclear. You have not provided your opinion 25 Structure The content has been logically and succinctly structured to create a cohesive and coherent piece of work. The content has been logically structured to create a cohesive and coherent piece of work. The content has been partially structured to create a comprehensible piece of work The content has been partially structured but is difficult to understand a clear meaning throughout. The content is not structured and fails to address the key questions. 15 (across all 3 writing criteria) Quality of writing Formal academic language has been used to clearly communicate meaning. Formal academic language has been used to clearly communicate meaning. A few errors or inappropriate word choices. Formal academic language has been used to communicate meaning. There are multiple grammatical and/or spelling errors and inappropriate word choices. Formal and informal language has been used to communicate meaning and in many areas meaning is unclear with widespread grammatical and/or spelling issues throughout. Many inappropriate word choices. Mostly informal language, much of the document is unclear and there are many grammatical and or spelling issues. Referencing There is consistent adherence to academic referencing standards. There is mostly consistent adherence to adequate