PROFESSIONAL ETHICS AND GOVERNANCE DECEMBER 2022 PAST PAPER

MONDAY: 5 December 2022. 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.

QUESTION ONE

1. Highlight FOUR ways of building a culture of integrity in an organisation. (4 marks)

2. In relation to ethical decisions in the securities exchange market, explain the following terms:

Pump and dump. (2 marks)

Bucketing. (2 marks)

3. Explain the following terms as used in ethical judgements:

Obligatory. (2 marks)

Permissible. (2 marks)

Supererogatory. (2 marks)

4. Discuss THREE signs of high emotional intelligence. (6 marks)

(Total: 20 marks)

QUESTION TWO

1. Outline the FOUR steps process identified by Allan Meder as a framework for ethical decision making. (4 marks)

2. Highlight FOUR roles of the board in promoting ethical conduct in an organisation. (4 marks)

3. In relation to stakeholders management:

Examine THREE types of stakeholder groups. (6 marks)

Explain THREE roles of stakeholders in relation to stakeholder obligation. (6 marks)

(Total: 20 marks)

QUESTION THREE

1. The Institute of Investment and Financial Analysts (ICIFA) has developed a Code of Conduct for its members.
The essence of this Code of Conduct and Ethics is to promote ethics and professionalism in the investment profession.
In light of the above statement, examine THREE compliance standards expected from ICIFA members. (6 marks)

2. Describe THREE characteristics of ethical leaders. (6 marks)

3. In reference to business ethics:

Outline TWO benefits of maintaining business ethics in an organisation. (2 marks)

Describe THREE ways in which firms can demonstrate ethics and integrity in their operations. (6 marks)

(Total: 20 marks)

QUESTION FOUR

1. Outline FOUR components of an integrated report. (4 marks)

2. Highlight FOUR reasons for unethical behaviour among the finance professionals. (4 marks)

3. Explain THREE ways of measuring emotional intelligence. (6 marks)

4. Examine THREE types of internal controls in an organisation. (6 marks)

(Total: 20 marks)

QUESTION FIVE

1. The Enron Corporation was regarded as a corporate giant. But after a good run, it failed miserably and ended up as a bankrupt business. The failure and bankruptcy of the Enron Corporation jolted Wall Street as well as it put several employees on the verge of the financial crisis.

Required:
In relation to the above statement:

Summarise FOUR causes of Enron Scandal. (4 marks)

Evaluate THREE effects of the Enron Scandal in the financial sector. (6 marks)

2. Based on resource dependency theory, describe FOUR categories of managers. (4 marks)

3. Explain THREE main principles of social media ethics and etiquette. (6 marks)

(Total: 20 marks)

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