IBU5GW-Corporate Governance in a Globalizing World

Task

Please read ALL of the attached four (4) media articles:

1. Thomas Cook risks collapse as stock dives – Financial Times

2. Thomas Cook’s New Turkish Investor Wants Role in Turnaround - Bloomberg

3. MPs announce inquiry into Thomas Cook collapse - The Guardian

4. Thomas Cook directors could face inquiry as rescue effort continues - The Guardian 

1. Analyse the four (4) articles and the issues they present: 

a. Provide a summary of the story told by these articles (overall, not per article) about the Thomas Cook company, and the argument(s) the articles make

b. Identify the corporate governance issues raised in the articles and discuss their relevance to the way that corporate governance is practiced in Australia and/or in the UK

c. What insight does agency theory provide into these issues? 

d. Are there any other corporate governance theories that help us understand the issues covered in these articles? 

2. Evaluate corporate governance systems:

a. Critically evaluate the corporate governance system of the UK considering the issues that you have identified in Q1 above. You may also use other sources [textbook or media or academic journal articles] for your research that you find relevant (9 marks)

b. Present recommendations (using the issues discussed in these articles) as to how corporate governance systems could be improved in both Australia and the UK 

3.Reflection

a. Reflect on the various corporate governance theories that you have been exposed to in this subject. Pick two (2) theories and comment on the elements that you think are most useful in studying companies and their governance. Justify your answers. This question is asking for your opinion 

b. Reflect on the subject as a whole. Comment on the topics you found the most difficult to understand and why, and on the governance topics you found the most useful in completing questions on the Thomas Cook case above. This question is asking for your opinion