June 2009 Q1 – Globle Bank

Hi.

I got some problems on this question and seeking for help

b?assess the IC performance of globle bank

The standar answer said
‘poor judgement by Mr. Mineta’

I think this point is just Mr. Mineta’s personal behavior.

I think ‘ineffective IC or risk environment in preventing traders from breaking the trading rules ‘should be globle bank’ IC performance.

And I’m particular concern that my answer is quite different from the standard answer.

My answer was:

-Reward policy too emphasis on profit

-Whitelblowing channels

-Culture, tone from the top

-Two NEDs not been replaced in time basis therefore lack if NED

-Audit committee lack of thoroughness

-Information system

In fact this is often the case that my answer differ from the examiner’s.
however I can fine any thing wrong with it. More importantly I don’t know why the examiner didn’t cover some quite typical failures and I’m worrying whether there’s something wrong with my way of thinking@@

Will I gain marks for this answer?

Thank u !