Breadtalk Group Limited vs Old Chang Kee Company Analysis Essay

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Breadtalk Group Limited had outlined areas that needs to improves. Firstly, under principle 1under board matters(breadtalk annual 2010 report,pg 32), despite directors are being appointed to the board by a formal letter of appoinment indicating the amount of time required and scope of duties, some directors espicially new directors are not clearly aware of discharging their duties. Board members needs more update and initaitive to gain better understanding of the group business operations and policies. Thus board members are encouraged to attend comprehensive orientation programme , seminars and trainings to improve their capabilities in discharging their duties. This control measure is to ensure that the board members are in-line with…show more content…
Breadtalk Group Limited had outlined areas that needs to improves. Firstly, under principle 1under board matters(breadtalk annual 2010 report,pg 32), despite directors are being appointed to the board by a formal letter of appoinment indicating the amount of time required and scope of duties, some directors espicially new directors are not clearly aware of discharging their duties. Board members needs more update and initaitive to gain better understanding of the group business operations and policies. Thus board members are encouraged to attend comprehensive orientation programme , seminars and trainings to improve their capabilities in discharging their duties. This control measure is to ensure that the board members are in-line with the company directions and relevant accounting/regulatory standards. Lastly, under principle 12, under internal controls(breadtalk annual 2010 report, pg 43), the group's external auditors conducted a review on the groups material control internal controls. Internal control weaknesses and material non-compliance are points to improve on during the audit. But generally, the financial, operational, compliance controls and risk policies are adequate to safeguard the shareholder's investment and the company assets. Old Chang Kee Ltd report does not indicate any areas of improvement in their corporation. The possible reason is possibly due to the minimal board members in the company. With minimal board members, the allocation of task and

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