MONDAY: 21 August 2023. Afternoon Paper. Time Allowed: 3 hours.

Answer ALL questions. Marks allocated to each question are shown at the end of the question. Do NOT write anything on this paper.


1. Describe the following consequentialist theories:

Utilitarian approach. (2 marks)

Egoistic approach. (2 marks)

Common good approach. (2 marks)

2. Explain FOUR roles of emotional intelligence in relation to effective leadership. (8 marks)

3. Discuss THREE theories of corporate governance. (6 marks)

(Total: 20 marks)



1. Enumerate FIVE components of internal control in an organisation. (5 marks)

2. Outline THREE benefits that an organisation could derive from adopting professional code of ethics.
(3 marks)

3. Giving relevant examples, explain the following concepts:

Ethical absolutism. (2 marks)

Ethical relativism. (2 marks)

4. Describe FOUR provisions of the Global Investment Performance Standards (GIPSs). (8 marks)

(Total: 20 marks)



1. Explain the term “impermissible” as used in ethical judgements. (2 marks)

2. Discuss TWO sections of code of governance in your country. (4 marks)

3. The Capital Markets Authority in exercise of the powers conferred by sections 11(3)(v) and 12A of the Capital Markets Act 1989, issued a stewardship code for institutional Investors 2017 for application by institutional investors in the Capital Markets.

In light of the above statement, highlight SIX objectives of the stewardship code. (6 marks)

4. Examine FOUR ways in which professionals in the investment industry establish trust with the general public. (8 marks)

(Total: 20 marks)



1. Analyse TWO differences between law and ethics. (4 marks)

2. Describe THREE objectives of the code of ethics to a professional body. (6 marks)

3. Examine TWO characteristics of good corporate governance. (4 marks)

4. Explain THREE roles of Mendelow Matrix in stakeholders dispute resolution. (6 marks)

(Total: 20 marks)



1. Discuss TWO ways of managing ethical risk in an organisation. (4 marks)

2. In relation to case studies in professional values and governance:

Examine TWO ethical concepts that could be applied when analysing case studies. (4 marks)

Explain TWO roles of case studies. (4 marks)

3. Highlight FOUR ways of mitigating conflict of interest in an organisation. (4 marks)

4. Outline FOUR reasons why business empires face corporate governance issues in the 21st Century. (4 marks)

(Total: 20 marks)

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