Billabong International Ltd

The purpose of risk assessment is not to remove risks, but to take reasonable steps to reduce them. The process involves looking at the risk, and considering what can be done to make it less likely that the risk will develop into a reality. This can be done through implementing policies and codes of practice, acting in individual’s best interests, fostering culture of openness and support being consistent, maintaining professional boundaries and following systems for raising concerns.

4.3: To carry out a risk assessment first of all you need to identify the hazards, then decide who might be harmed and how. Then evaluate the risks and decide on precaution and then record your findings and implement on them. After this is done review your assessment and update if necessary.

 What type of risk assessment is conducted at the business? What systems are in place in order to provide

Identify the potential risks which affect the company and manage these risks within its risk appetite;

Generally, the report team have a well-presented PowerPoint presentation about their analysis of dividend policy at FPL group Inc. They have demonstrated the process of how they come up with these results briefly. They have also examined the company’s history, financial figures and some related industry information, and gave reasonable recommendations. The report team expected that the company would most likely to hold their currently dividend policy and suggested their clients to sell the company shares in short term.

Dividend policy refers to the payout policy that a company follows in determining the size and pattern of distributions to shareholders over time. Distribution of cash to shareholders by either payment of dividends and repurchase of shares has been a hotly debated topic amongst scholars. There exists many answers to an optimal dividend policy that satisfies both shareholders and management. With this the company generally faces two operational choices, the investment decision and the financing decision. Investment decisions concern the amount invested in the assets of the business and composition whereas the finance decision involves how the company will finance this. This can be achieved

Slight variations are always present in the business, but there is no drastic change in the financial condition of the company which indicates that this company is more stable and reliable. Thus, investors can invest in this company as the earnings per share are improving and every year the dividend paid is also increasing. The overall return that can be earned from this investment is high and this company is expected to grow in future which is acknowledged with its strong financial performance. In short, they are financially sound which attracts more investor to invest in this company.

Based on the financing needs, as above dividends would be additional stretch on company finances

Dividend per share (DPS) is the total dividends paid out over an entire year (including interim dividends but not including special dividends) divided by the number of outstanding ordinary shares issued. As per a Reuter’s article in April 2007, Merrill Lynch had announced that it would buy back as much as $6 billion of its common stock over time, as it looked to return capital building up on its balance sheet to investors. This meant less shares outstanding or in other words lower denominator in the calculation of Dividends per share thus increasing the overall value of the fraction which meant a higher amount in Dividends per share.

We can describe the risk by evaluation of Financial, Market , Technical and Management feasibility for our enterprise.

The common stock value increased 54.8%, from $42/share to $65/share, between 2000 and 2001. This is an indicate that the market likes what it sees in the performance and the management of Sample Company. In addition, it paid 1.2% in dividends for the past two years. Another key indicator, the Price to Earnings Ratio, fell from 12.0 to 10.7. This is not enough to be alarming. In fact, some investors, myself included, feel that lower Price to Earnings Ratios are not necessarily a good thing. The reason being that if a company is struggling to pay out large earnings per share, to make the denominator in the P/E equation large enough to keep the P/E ratio low, then often such financial pressures can take the attention of the management away from the company's operations and other important issues, like surviving as a going concern in a tough business climate.

One of the company's financial policy is the payment of dividends to investors who have invested their funds in the form of company stock. Dividend itself is a profit corporation that is set aside, revealed and given to shareholders based on the decision of the board of directors or the sum of the proportion of company profits which are given to shareholders as remuneration for the contribution of shareholders who invest their money in companies. The aim of the company to pay dividends is debatable. Until now there has been no explanation that can be widely accepted, especially to answer such questions as why the corporation distributes some of its earnings in the form of dividends or why the corporation does not pay the dividends, why investors

Despite the fact that the cash from operations has been on a declining trend, the amount is still sizeable, averaging about RM412.8m over the past 5 years. This combined with a low capital expenditure requirement allowed Berjaya Toto Berhad to sustain a rather high dividend payout to its investors. We believe BLand’s financial obligation continues to be supported by the dividend payout from Berjaya Toto Berhad, which is estimated about RM102.2m in FY2016 (around 50% of the interest expense of

Generally, elements of risk management include identification, evaluation, treatment and implementation. Regarding identification, before travelling to a competition or competing in any activity clubs should identify the risks associated with that activity. This is known as foreseeability, which is in simpler words the tactic to anticipate dangerous

The first objection is related to the fact that this is a totally new approach concerning dividend policy, and nobody can predict what is going to happen. We consider that this may have positive effects on share prices, especially taking in consideration that it will stabilise the market price of the company.