PROFESSIONAL ETHICS AND GOVERNANCE DECEMBER 2023 PAST PAPER

MONDAY: 4 December 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.

QUESTION ONE

1. Outline FOUR standards of professional conduct. (4 marks)

2. In relation to accountability, risk management and internal control, enumerate FOUR strategies used in Enterprise Risk Management (ERM). (4 marks)

3. In relation to professional ethics, describe THREE challenges associated with ethical dilemma. (6 marks)

4. In relation to professional values and governance in organisations, discuss TWO benefits of each of the following:

Transparency. (2 marks)

Ethical leadership. (2 marks)

Independent audits. (2 marks)

(Total: 20 marks)

 

QUESTION TWO

1. Summarise FOUR reasons why trust is important in the investment community. (4 marks)

2. In relation to the theory of corporate governance, outline FOUR agency dilemmas. (4 marks)

3. Describe THREE features of the King IV Report on Corporate Governance. (6 marks)

4. Examine THREE driving forces of the development of code of corporate governance in your country. (6 marks)

(Total: 20 marks)

 

QUESTION THREE

1.  In relation to Global Investment Performance Standards (GIPS):

Identify THREE ways in which Global Investment Performance Standards (GIPS) are implemented.
(3 marks)

Highlight FIVE objectives of Global Investment Performance Standards (GIPS). (5 marks)

In relation to the fraud triangle theory, explain THREE components of fraud triangle. (6 marks)

3. Describe THREE qualities of an ethical leader. (6 marks)

(Total: 20 marks)

QUESTION FOUR

1. One of the functions of the Institute of Certified Investment and Financial Analysts is to promote standards of professional competence and ethical practice amongst members of the Institute.

Required:

In relation to the above statement, outline FOUR actions by the Institute that confirm that it has implemented this function. (4 marks)

2. Enumerate FOUR advantages of agency theory in corporate governance. (4 marks)

3. Analyse THREE roles of institutional investors in corporate governance. (6 marks)

4. Discuss THREE components of emotional intelligence. (6 marks)

(Total: 20 marks)

 

QUESTION FIVE

1. In relation to stakeholders’ management, identify FOUR rights of consumers. (4 marks)

2. Highlight FOUR inter-relationships between social media and professional ethics. (4 marks)

3. The Mendelow Matrix, also known as the Mendelow’s Power-Interest Grid, is a strategic tool used in business and management to analyse and categorise stakeholders based on their level of power and interest in a particular project, decision or organisation.

In relation to the above statement, explain THREE quadrants of a Mendelow Matrix. (6 marks)

4. Business ethics and corporate governance are closely related concepts, and they both play essential roles in ensuring responsible and ethical conduct of businesses and organisations.

In relation to the above statement, describe THREE interrelationships between business ethics and corporate governance. (6 marks)

(Total: 20 marks)

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