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Also I am confused about adding limitations for CG codes used. I used the regulations stipulated by SEC and NASDAQ for US-listed foreign companies. Do these limitations have to generic? I am lost as to what kind of limitations are required.
Thank you for such keen advise. I’ll surely get it read from a closed one.
I had one more confusion, is it necessary to include limitations of Mendelow’s Matrix in Part 2 of the report. If yes, do we also have to mention how we overcame them?
Thank you for such detailed response!
About discussing Impact, do you think discussing Impact on various Stakeholders could constitutes as a fail because this was suggested by my mentor. I am/was not aware of the fraud triangle model.Thank you for the wonderful insight.
I’ll keep them in mind while making my excel file.My project os on Luckin Coffee. I was re reading my report. In the Impact on Stakeholders part, I have used me mendelow’s matrix and have discussed the following stakeholders
1. Chairman and CEO, their net worths etc were greatly effected.
2. Sister Concerns (these are CarInc and UCAR) they had involvement in fraud perpetration.
3. External Auditors
4. China Concept StocksDo you think these are adequate?
Thank you so much for clearing my confusion. I’m have finished my report and now an moving towards the appendices. Can you guide a little about what goes in in Excel file. Do I just make the financials in excel or some other things are required as well?
Hi Everyone,
I applied for the BSc OBU Bursary for May submission. Can someone tell me how long does ot take for them to reply. Do we get a reply only if we are selected to receive one? Or will we get a reply in any case whether selected or or?Thank you for the reply!
Yes you are right I have focused more on the factors that allowed the and little detail of the fraud itself. I have used the CG code of NASDAQ and US SEC rules mostly for evaluation. I hope using these codes are appropriate.About the response, as said earlier after the fraud came out and internal investigation was started, alot of directors of the board resigned, some were fired because of their involvement in the fraud and some were rehired as well. Do I give full details of who was kicked out, who resigned or just the ones related to the fraud. I plan to write this under he heading of reorganizing the board.
During the internal investigation, several members resigned/ were kicked out. Some were even reappointed to the board. Will all this be discussed as responses? I have also read about appointment of new auditors, shareholder right plans, changes to memorandum and article of associations. Various loans were also restructured. Business plans were redesigned etc.
Hi,
Can anyone guide me?
I am doing the part 3 of my RAP on topic 17. The company I am doing it on is “Luckin Coffee”. I have essentially finished the part 3. I am on the last topic where I am planning to tell the responses to fraud. According to my research, I am planning to discuss the internal Research Luckin Coffee initiated against the fraud. I am also discussing the response by the US regulators. Is that enough or do I discuss more responses.Personally, I found the company very promising with regards to the topic but I am getting confused towards the end of it i.e. the responses. There is too much information and all the hirings and resignations after the fraud came out are very confusing.
Can you suggest some points that I could mention in this regard. I have been very deep with my research and it has been a great learning experience but responses have put me in a great deal of confusion.Thanking you in anticipation!
