This assignment is worth 30% of the module mark.
The aim of this coursework is to test your understanding of the application of corporate governance issues and application to business situation and your ability to select relevant information and present arguments in clear and logical manner. It also aims to test your ability to relate a case scenario to appropriate regulatory requirements and make an initial evaluation and provide recommendations. |
Read the provided case study below CAREFULLY. Then consider the questions provided at the end of the article when writing a business report. In the report you are required to discuss the main reasons behind the failures of RBS and to explain to what extent the corporate governance practices were responsible for these failures. Finally, you need to explain how this failure could be avoided.
In writing this report you can use …show more content…
(noon)
Submission form: Online
Type of Coursework: Individual
Qualifying mark: 35%
Royal Bank of Scotland (RBS)
(Source: Tricker, 2012)
The Royal Bank of Scotland was an ancient institution with roots in the 18th century. Under the recent leadership of Chief Executive Sir Fred Goodwin, the company pursued a growth and acquisition strategy. The board, chaired by Sir Tom McKillop, accepted their Chief Executive's growth strategy, which included the acquisition of National Westminster Bank in 2000, when Sir Fred axed some 18,000 jobs, earning himself the in-house title of 'Fred the Shred'. But subsequent investments in American sub-prime loans and the acquisition of Dutch Bank ABN Amro for £10 billion in 2007, proved disastrous. Although, it should be said that the acquisition of ABN Amro had a bright side: the group included Hoare Govett: one of the City of London's most successful