CMM 610.pdf - The Catholic University of Eastern Africa Library

CMM 610.pdf - The Catholic University of Eastern Africa Library

THE CATHOLIC UNIVERSITY OF EASTERN AFRICA A. M. E. C. E. A MAIN EXAMINATION P.O. Box 62157 00200 Nairobi - KENYA Telephone: 891601-6 Fax: 254-20-8910...

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THE CATHOLIC UNIVERSITY OF EASTERN AFRICA A. M. E. C. E. A MAIN EXAMINATION

P.O. Box 62157 00200 Nairobi - KENYA Telephone: 891601-6 Fax: 254-20-891084 E-mail:[email protected]

MAY – JULY 2015 TRIMESTER FACULTY OF COMMERCE MBA REGULAR PROGRAMME CMM 610: CORPORATE GOVERNANCE AND SOCIAL RESPONSIBILITY Date: JULY 2015 INSTRUCTIONS: Answer ANY FOUR Questions Q1.

Duration: 3 Hours

Read the attached case study (Dialling for votes: PCCW privatization scandal) and answer the questions that follow a) What is the “agency” problem typically confronting companies like PCCW with controlling shareholders. (5 marks) b) To what extent is there a separation between shareholders, the board and management in PCCW? How might this have contributed to the near success of the privatization plans? (10 marks) c) Consider how PCCW’s failed privatization illustrates the effectiveness of key corporate governance mechanisms. (8 marks) d) In major corporate transactions, such as PCCW privatization, different shareholders may have different interests and preferences. How should the board and regulators balance the interests of the different shareholders? (8 marks) e) The privatization of PCCW requires the approval of 75% of shareholders (or their proxies) present at the shareholders meeting. In your view, is this fair to small shareholders? How about large shareholders? Explain. (8 marks)

Cuea/ACD/EXM/MAY - JULY 2015/MBA

ISO 9001:2008 Certified by the Kenya Bureau of Standards

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f) Did the board and management of PCCW act ethically in the privatization attempt? Explain. (6 marks) g) If you were appointed as a consultant to advice on the PCCW privatization process, what would be your advice? (5 marks)

Q2.

Using a specific example from the corporate environment, discuss the role of regulators in corporate governance. Do you believe that regulators are to blame for the many corporate scandals witnessed recently? Explain using specific examples to illustrate your answer. (20 marks)

Q3.

Discuss the concept of control as used in corporate governance clearly showing its role in enhancing good corporate governance. In what ways is control exercised in Kenyan corporate? (25 marks)

*END* Cuea/ACD/EXM/MAY - JULY 2015/MBA

ISO 9001:2008 Certified by the Kenya Bureau of Standards

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