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Deakin's Bachelor of Commerce and MBA are internationally EPAS accredited.
Deakin Business School is accredited by AACSB.
MAF302 – Corporate Finance
Trimester 2, 2018
Assignment 1 – Individual Critical Analysis
DUE DATE AND TIME: Intra-trimester
eak, 13/08/2018, 05.00pm
PERCENTAGE OF FINAL GRADE: 20%
HURDLE DETAILS: Achieve at least 40% in this assessment to pass the unit
Learning Outcome Details
Unit Learning Outcomes (ULOs) Graduate Learning Outcomes (GLO)
ULO1: A sound understanding and an ability to apply
elevant theoretical and practical financial knowledge.
GLO1: A
oad understanding of theoretical and
practical knowledge in the finance discipline
ULO2: An ability to communicate information
effectively in a written form.
GLO2: An ability to effectively communicate
financial information and knowledge in oral
and/or written form to a
oad range of
audiences.
ULO3: An ability to evaluate and critically analyse
elevant data and information.
GLO4: An ability to evaluate and critically analyse
data and information to aid corporate decision
making.
ULO6: An appreciation for the importance of
sustainable development, corporate governance,
and/or corporate social responsibilities.
GLO8: A recognition of the value of sustainable
development and corporate social responsibility.
Assessment Feedback:
Students who submit their work by the due date will receive their marks and feedback on
CloudDeakin within 15 business days.
Requirements
This assignment is to be completed individually. There is a word limit of 2000 words for this
assignment. You must co
ectly use the Harvard style of referencing in this assessment.
https:
www.efmd.org/index.php/accreditation-main/epas
http:
www.aacsb.edu
http:
www.deakin.edu.au/students/study-support
eferencing/harvard
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Deakin's Bachelor of Commerce and MBA are internationally EPAS accredited.
Deakin Business School is accredited by AACSB.
Submission Instructions
An electronic copy of the final report must be uploaded to the unit website on Cloud Deakin by
5.00pm, 13 August 2018. Do not include the assignment questions in your submission as Turnitin will
mistakenly identify a high level of similarity with another source.
The submission dropbox will open 7 days before the due date and close 5 days after the due date. If
possible, please submit well before the cut-off time as you may experience high traffic closer to the
cut-off time. The uploaded soft copy in CloudDeakin will be considered the official copy and it is the
time of upload of this copy that will determine whether the assignment is submitted on time. Hard
copies will not be accepted.
You must keep a backup copy of every assignment you submit, until the marked assignment has been
eturned to you. In the unlikely event that one of your assignments is misplaced, you will need to
submit your backup copy. Any work you submit may be checked by electronic or other means for the
purposes of detecting collusion and/or plagiarism. When you are required to submit an assignment
through your CloudDeakin unit site, you will receive an email to your Deakin email address confirming
that it has been submitted. You should check that you can see your assignment in the Submissions
view of the Assignment dropbox folder after upload, and check for, and keep, the email receipt for
the submission.
Late Submission
The following marking penalties will apply if you submit an assessment task after the due date
without an approved extension: 5% will be deducted from available marks for each day up to five
days, and work that is submitted more than five days after the due date will not be marked. You will
eceive 0% for the task. 'Day' means working day for paper submissions and calendar day for
electronic submissions. The Unit Chair may refuse to accept a late submission where it is
unreasonable or impracticable to assess the task after the due date.
Academic misconduct, extension, and other issues
For more information about academic misconduct, special consideration, extensions, and
assessment feedback, please refer to the document: Your rights and responsibilities as a student in
this Unit in the first folder next to the Unit Guide of the Resources area in the CloudDeakin unit site.
Extensions can only be approved by the Unit Chair (Dr Tze Chuan ‘Chewie’ ANG). Extensions can be
granted for documented serious illness (not just on the day the assignment is due) or for
compassionate reasons under extenuating circumstances. The unit chair can ask to see how much
work has been completed before granting an extension. Work or holiday reasons are NOT grounds
for an extension – you are expected to manage these issues as part of your studies. You are strongly
encouraged to start early and to continually backup your assignment as you progress. Computer
crashes or co
upted files will NOT be accepted as valid reasons for an extension of any length. For
further information about Special Consideration, visit
http:
www.deakin.edu.au/students/assessments/special-consideration.
https:
www.efmd.org/index.php/accreditation-main/epas
http:
www.aacsb.edu
http:
www.deakin.edu.au/students/assessments/special-consideration
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Deakin's Bachelor of Commerce and MBA are internationally EPAS accredited.
Deakin Business School is accredited by AACSB.
Building evidence of your experiences, skills and knowledge (Portfolio)
Building a portfolio that evidences your skills, knowledge and experience will provide you with a
valuable tool to help you prepare for interviews and to showcase to potential employers. There are
a number of tools that you can use to build a portfolio. You are provided with cloud space through
OneDrive, or through the Portfolio tool in the Cloud Unit Site, but you can use any storage repository
system that you like. Remember that a Portfolio is your tool. You should be able to store your
assessment work, reflections, achievements and artefacts in your Portfolio. Once you have
completed this assessment piece, add it to your personal Portfolio to use and showcase your learning
later, when applying for jobs, or further studies. Curate your work by adding meaningful tags to your
artefacts that describe what the artefact represents.
https:
www.efmd.org/index.php/accreditation-main/epas
http:
www.aacsb.edu
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Deakin's Bachelor of Commerce and MBA are internationally EPAS accredited.
Deakin Business School is accredited by AACSB.
Bega Cheese Limited
Background
Dairying started in the Bega Valley in the 1850’s. In those days each farmer produced and sold
products, such as cheese and butter from their dairy. After a period of time, local farmers decided to
improve their individual production and marketing activities and banded together to establish The
Bega Co-operative Creamery Company in 1899. Bega’s original factory was opened in Bega in 1900.
From 2007 to date, Bega acquired the cheese assets of Kraft Foods, purchased the assets and
operations of De Cicco Industries, and created a wholly owned subsidiary – Tatura Milk Industries. In
August 2011, Bega was listed on the Australia Securities Exchange (ASX). In July 2017, Bega expanded
its portfolio beyond dairy to include some of Australia’s most iconic and loved food
ands and
products, including Vegemite, ZoOSh, and Bega Peanut Butter.
Today, with sites from Bega to Melbourne and Northern Victoria, Bega now employs approximately
2,000 people. The company has evolved from its modest and localised co-operative heritage in Bega
into a significant and innovative player in the Australian and international dairy industry. Bega’s
original site at Lagoon Street still operates today, producing cheddar and mozzarella cheese and whey
powders. There are now approximately 500 farms supplying the Bega group. The Company’s
production of approximately 236,000 tonnes of dairy products equates to a sales turnover in excess
of $1.2 billion per annum.
Source: Bega Cheese Limited website at https:
www.begacheese.com.au/investors
https:
www.efmd.org/index.php/accreditation-main/epas
http:
www.aacsb.edu
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Deakin's Bachelor of Commerce and MBA are internationally EPAS accredited.
Deakin Business School is accredited by AACSB.
Your task
You graduated from Deakin Business School recently. You are now a financial analyst at an
investment and consulting firm in Australia. Your team leader, John is considering whether to include
Bega Cheese Limited in a newly created investment fund, called Corporate and Social Responsible
(CSR) Fund. He would like to include firms with a
oader corporate objective in the fund. Specifically,
he is interested in firms that not only maximize shareholders’ wealth, but also care for their
stakeholders, which include their customers, employees, the society, and the environment. He values
the importance of the board structure of firms, corporate governance, and compensation packages,
which are helpful in aligning the interests of managers to those of shareholders’.
John wants you to write up a report about Bega’s corporate governance and corporate social
esponsibility, which includes the following points:
A summary of Bega’s cu
ent structure of the board of directors and an evaluation of such a
structure using the recommended guidelines of good corporate governance.
An outline of the compensation package of Bega’s CEO and top executives and an evaluation of
its effectiveness in delivering total returns to shareholders.
An identification of two major sources of risks that Bega may potentially face and an analysis of
the strategies that Bega has in place to manage these risks.
A
ief highlight of Bega’s other internal and external corporate governance mechanisms and a
ief comparison of the differences between the corporate governance mechanisms in Australia
and Europe.
A summary of Bega’s corporate social responsibility program, which includes its commitment to
the environment, its employees, the community and other stakeholders; and an evaluation of the
adequacy of Bega’s corporate social responsibility given the nature of its business and its mission.