Contents
Introduction to the company
Events leading to Corporate Governance Failures at NAB
Breach in Foreign Currency Trade
Causes of fiasco
How the failure could have been avoided
Lessons from NAB fiasco
References
Description
This assignment is based on the following assignment description –
Students are presented with an opportunity to undertake an empirical study of the relationship between corporate governance and corporate performance. A critical analysis of a recent Australian corporate collapse is undertaken to identify how the principles of corporate governance failed. The relationship of the board to other corporate stakeholders concluding with a coherent assessment of how the collapse could have been averted is considered. The company chosen is National Australian Bank (NAB)