Using this case study information provided, complete the following steps.
1. Identify corporate governance requirements described in the case study and in provided policy documents for the organisation.
2. Identify corporate governance requirements described in the listed published sources of information. Page 4
3. Review and analyse all corporate governance requirements (from previous steps) against current policy documents (attached), and identify revisions that need to be made to the policy documents to reflect the current requirements and ensure compliance.
4. Identify and describe how ongoing compliance with requirements can be monitored and measured (i.e. performance indicators).
5. Prepare a draft compliance report, containing information using the following standardised format.
a. Corporate governance requirements (reflecting information from steps 1 and 2).
b. Revisions required to current policy (reflecting information from step 3).
c. Proposed timing for implementing revisions (to incorporate governance requirements, reflecting step 3).
d. Monitoring processes (reflecting information from step 4).
6. Following on from step 5, gather feedback (oral notes or written email, etc.) from two of the following authoritative sources.
a. An Australian Tax Office (ATO) representative in your area.
b. A professional association (e.g. CPA Australia, AIM).
c. Australian Securities and Investments Commission (ASIC)
d. The office of the Privacy Commissioner.
e. Australian Accounting Standards Board (AASB).
You need to check that the revisions comply with corporate governance requirements. Include contact details for the sources contacted, including name, department and phone or email address, and a statement from the source indicating clarification and/or confirmation of the implementations you are recommending (50 words maximum per source).
7. Organise to meet with your manager (your assessor) to review your draft Compliance Report. In particular, you need to provide them a copy of your draft Compliance Report and review with your manager the timetable you have outlined for implementation of corporate governance requirements, and note required changes or recommendations they make for the timetable you
have proposed.
8. Review the feedback you have gathered from authoritative sources (step 6) and stakeholders (step 7) and incorporate this into your final version of your Compliance Report.