ACC03043 – Corporate GovernanceAssessment 1 – Understanding Corporate Collapses - Short written answersDUE DATE: Monday, Week 3, 11:00 PMWORD LIMIT: 2x XXXXXXXXXXwordsWEIGHTING: 20%All students are...

ACC03043 – Corporate GovernanceAssessment 1 – Understanding Corporate Collapses - Short written answersDUE DATE: Monday, Week 3, 11:00 PMWORD LIMIT: 2x XXXXXXXXXXwordsWEIGHTING: 20%All students are required to submit this assessment via the ACC03043 SCU Blackboard learning site. Hard copy and emailsubmissions will not be accepted and late submission penalties will apply to assignments that are not submitted on timevia the specified Blackboard site.The following questions are all based on chapter 1 of the textbook. There are two questions associated with thisassessment. Answer both questions.Understanding Corporate Collapses1. Research the three cases of early corporate collapses in Australia mentioned in the textbook on page 11: AlanBond, Laurie Connell of Rothwells and the Girvan Corporation. Prepare a brief report outlining the case(s). Whatwas the underlying reason for the failure? Would today's corporate governance codes, rules and regulationshave prevented these outcomes? XXXXXXXXXXwords / 10 marks)2. Explore the collapse of financial institutions mentioned in Chapter 1 on page 17 of the textbook. Prepare a briefreport on corporate governance implications stemming from the global financial crisis XXXXXXXXXXwords / 10marks)You are encouraged to undertake further research about the Australian collapses as well as about the financialinstitutions to gain a deeper understanding of the case (e.g. board structure, board behaviour, etc.) - trustworthy non-academic sources are acceptable in this context. Following issues need to be considered:• For this assessment task, there is no right or wrong answer. It all depends on your analysis and justification for theanswers put forward. You may not have all the information, and the limit to the above word count might bechallenging, but this assignment will train you to write quality management reports.• Please answer the two questions individually (i.e. one by one), observing Harvard referencing style and a clear andlogical structure, along with the ability to express yourself clearly and succinctly. This is not a report, so noexecutive summary, introduction or conclusion is needed. Just answer the questions directly one by one.• Your arguments have to be based on concepts and tools discussed in the topics of this unit and must be supportedthrough direct reference to (academic) literature (recent peer-reviewed journals preferred). Your answers will beassessed based on your ability to develop arguments supported by relevant and valid sources (please also refer tomarking criteria). You are expected to use at least 2 academic sources per question (excluding the textbook) tosupport your viewpoints. All sources must be properly referenced.• In addition to the academic references, and in case you want or need additional information about the cases, feelfree to engage with non-academic literature, i.e. in order to gain a broader and more detailed understanding ofthe cases, you can mention and use information and facts from valid newspapers, magazines and/or official