Naspers Limited Project Essay

1010 Words5 Pages
Naspers Limited Project 1. The three main users of financial statements include: Prospective investors use financial statements to assess whether or not investing in a company. They predict future dividends by looking at disclosed profit in the financial statements and can judge how risky a business is by fluctuating profits. Lenders and Other Creditors (institutions like banks and other lending institutions) use financial statements to decide whether to help the company with working capital or to issue debt security to it. 2. The three committees established by the board are the Audit, Nomination & Governance and Compensation committees. The audit committee is charged with the oversight of financial reporting and disclosure. A nomination committee…show more content…
An executive director is a member of the board of directors who is also an employee. They will have a specific role such as finance director and as such be responsible for the day to day running of the company. A non executive director is a member of the board who is not an employee but on the board for his/her expertise and takes a part in decision making at board meetings. All the rules, practices and processes by which a company is directed and controlled. Corporate governance essentially involves balancing the interests of the many stakeholders in a company - these include its shareholders, management, customers, suppliers, financiers, government and the community. The King (III) 4. The purpose of an audit is to provide an objective examination of the financial statements, which increases the credibility and value of the financial statements produced by the company. It therefore increases user confidence of financial statement, reduce investor risk and consequently reduce the cost of capital of the preparer of the financial statements. The statements were audited by PwC. 5. MWEB, MNet, Kalahari.com and MultiChoice Groupe Canal+ and they produce Canal+ which are premium and theme channels. 6. There are 415 540 259 ordinary shares in

More about Naspers Limited Project Essay

Open Document