Workshop5-ACCT6120 by Stephanie https://padlet.com/houyb0722/r21uxkzdn6kuccm5 Team Work en-us 2020-09-22 06:05:06 UTC 2020-09-22 07:38:56 UTC hello@padlet.com https://padlet.net/icons/png/1f648.png Q1-Identify three key aspects of the strategy process at HIH (as illustrated by how the Allianz Joint venture decision was made) that contributed to the failure of HIH? houyb0722 https://padlet.com/houyb0722/r21uxkzdn6kuccm5/wish/767057412 1.Analysis
>> little analysis of the future strategy of the company
>>board don't understand

2. Lack of information / inadequte informatiom
Oppresive time constraints
>> BOD lack understanding transactions/the risk
>>right questions are not asked
>>Ruinaus Cash flow consequence

time: only 75minutes to resolved to proceed with the Allianz proposal

3. Company key members/ Culture
>>too much focus short-term strategy / value enhancing strategy
>> CEO and Chairman relationship
>>culture indifference

Cohen seemed reluctant to act on matters that should have caused him concern

>>NED INED:  depend on the management


]]> 2020-09-22 06:16:38 UTC https://padlet.com/houyb0722/r21uxkzdn6kuccm5/wish/767057412 Q2-Using the case details and your imaginations, suggest three reasons why the CEO, Ray Williams, had come to make so little use of the board of directors in making key strategic decisions? houyb0722 https://padlet.com/houyb0722/r21uxkzdn6kuccm5/wish/767060288  ]]> 2020-09-22 06:18:10 UTC https://padlet.com/houyb0722/r21uxkzdn6kuccm5/wish/767060288 Q3-Excluding the issue of who set the board agenda, identify three key ways in which Geoffrey Cohen failed to carry out his role as a Chairman. houyb0722 https://padlet.com/houyb0722/r21uxkzdn6kuccm5/wish/767060374 2020-09-22 06:18:13 UTC https://padlet.com/houyb0722/r21uxkzdn6kuccm5/wish/767060374 Q4-Identify three negative effects that arose from the way in which the board agenda was set in HIH? houyb0722 https://padlet.com/houyb0722/r21uxkzdn6kuccm5/wish/767060631 2020-09-22 06:18:20 UTC https://padlet.com/houyb0722/r21uxkzdn6kuccm5/wish/767060631 Q5-From the case study text, identify three different attitudes and actions taken by the non-executive directors of HIH? (PS. The non-executive directors at HIH were Charles Abbot, Rodney Adler, Justin Gardner, Alexander Gorrie, Neville Head and Robert Stitt). houyb0722 https://padlet.com/houyb0722/r21uxkzdn6kuccm5/wish/767060776 2020-09-22 06:18:25 UTC https://padlet.com/houyb0722/r21uxkzdn6kuccm5/wish/767060776 Part B houyb0722 https://padlet.com/houyb0722/r21uxkzdn6kuccm5/wish/767213391 1. External professional advisors
>>get professional advice
>>more INED into Board
>>Chairman : regulate or set a limit of authority 

approve the proposal-- 12 sep 2000- vote75mins-
2weeks they know
management prepared everything

-Process of ]]> 2020-09-22 07:29:31 UTC https://padlet.com/houyb0722/r21uxkzdn6kuccm5/wish/767213391