Programme
MSc Accounting and Finance
Module name
Governance, Risk and Control
Schedule Term
January 2015
Student Reference Number (SRN)
1062517
Report/Assignment Title
Mercury Newspaper plc
Date of Submission
09/01/15
Declaration of Original Work:
I hereby declare that I have read and understood BPP’s on plagiarism and that this is my original work, researched, undertaken, completed and submitted in accordance with the requirements of BPP Business School. The word count, excluding contents table, bibliography and appendices, is _2490__ words.
Student Reference Number: 1062517 Date: 09/01/2015
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BPP Business School
Report on Risk Management at Mercury Newspapers plc.
Prepared by:
Student Number:1062517
Table of Contents
Executive Summary 4
Introduction 4
Reputational Risks at Mercury 5
Causes of Risks 5
Recommendations 5
Impact of proposed changes in UK’s approach to Corporate Governance 6
Corporate Governance and introduction of IPSO 6
Impact on Mercury’s Working Practices 6
Exploring the issue of Airbrushing at Mercury 7
Evaluating the Board’s Decision 8
Evaluating the Ethicality of Board Decision 8
References 9
Executive Summary
The aim of this report is to examine reputational risks at Mercury Newspapers plc and to devise a strategy to help the company to manage risks. The report is divided into three main sections. The first section identifies the risk related issues and highlight initial recommendations. The second section analyses the proposed changes in UK press regulations and its impact on Mercury’s working practices. The final section evaluates the Board’s decision regarding
References: Aula, P. (2010) Social media, reputation risk and ambient publicity management,Strategy & Leadership, Vol. 38, Issue 6, pp. 43 – 49. Fombrun, C. J., Gardberg, N. A., and Barnett, M. L. (2000) Opportunity platforms and safety nets: corporate citizenship and reputational risk. Business and SocietyReview, 105(1): 85-106. Holme, L. and Watts, R. (2000) Corporate Social Responsibility: Making good business sense, Switzerland: World Business Council for Sustainable Development. IPSO (2014) Editors’ Code of Practise, Independent Press Standards Organisation. Available at: https://www.ipso.co.uk/IPSO/cop.html, Accessed on: 2-01-15. Ward, S. (2001) Exploring the role of the corporate risk manager,Risk Management: An International Journal, Vol. 3 No. 1, pp. 7-25.