QUESTION 2 Sakura Asia Holdings Berhad is a publicly listed multinational company involved in the manufacturing and distribution of consumer electronics and household appliances across Asia. The board of directors consists of ten members, including the Executive Chairman who is also the Chief Executive Officer (CEO), two executive directors, and seven non-executive directors. Among the non-executive directors, four are independent directors. Over the years, Sakura Asia Holdings Berhad has adopted a governance structure influenced by both Asian relationship-based business practices and certain international corporate governance principles. Many strategic decisions are made through extensive consultations with major business partners, suppliers, and affiliated organizations. The company believes that maintaining long-term relationships and stakeholder loyalty is critical to its success. Recently, several institutional investors have raised concerns regarding board effectiveness, succession planning, and the level of independence demonstrated by some board members. In response, the board has been considering engaging an independent external consultant to conduct a comprehensive board assessment review. During a board meeting, some directors highlighted that governance expectations differ across countries. Other directors argued that international investors increasingly expect governance structures that align with global standards, including a stronger presence of independent outside directors. REQUIRED: a) Identify and explain THREE (3) benefits of an external board assessments review. (12 marks) b) Compare TWO (2) differences between the corporate governance codes and frameworks between Asian and Japanese business model. (6 marks) c) Identify the rationality of board must consist of majority independent outside directors, as according to Sarbanes-Oxley Act (2003). (7 marks) (TOTAL: 25 x 2 = 50 MARKS) (GRAND TOTAL: 100 MARKS)论述题