Corporate Governance Failings - Parmalat - Future of Health Service Managers - Organization Management Assessment Answer

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Corporate Governance Failings Organization Management Assessment Answer


The purpose of these brief workbook contributions is to ensure students engage with teaching materials and achieve a broader understanding of the topic areas. In other units, low rates of engagement with online material results in lower grades. Students who show evidence of additional reading are likely to receive higher marks. The topics covered relate to international developments and can be applied to many settings. Understanding of governance and performance management is essential management skills in any setting or organisation. Quality of writing skills is also being assessed to help improve competency – an essential requirement for future health service managers.



The workbook questions will be provided on vUWS and will be based on the lecture modules and expected readings provided on vUWS.

1.    Consider the corporate governance failure of Parmalat described by Solomon (pp. 38-40) and list the 3 major corporate governance failings identified.

2.    What mechanisms, if in place that at that time, may have assisted in avoiding the Parmalat failure

3.    Do you think that the roles of non-executive directors, auditors, the internal audit committee and the board of directors are all equally important as mechanisms of ‘Good’ corporate governance? If not, which mechanism do you consider the most important? Discuss your answers.


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