Scenario
Aurora Wilds Adventure Park is preparing for its grand opening, and the board seeks insight into governance and oversight. You will evaluate the parks corporate governance structures, financial oversight processes, and compliance with relevant regulations. Consider how these elements affect decision-making across operations, finance, and risk management.
For this assignment, you will submit a Governance and Compliance Review that assesses governance and compliance risks, examines ethical financial practices for amusement park operations, and connects these findings to your existing risk management framework. Your analysis should demonstrate how robust governance supports operational safety, financial integrity, and long-term sustainability.
Instructions
Submit a Governance and Compliance Review by completing the following tasks:
- Corporate Governance Evaluation
- Define corporate governance and explain its role in shaping organizational integrity, leadership accountability, and stakeholder trust.
- Describe the key governance structures (e.g., board of directors, executive management, audit committees) that should be in place at Aurora Wilds Adventure Park.
- Sarbanes-Oxley Act of 2002: Implications and Leadership Oversight
- Summarize the purpose and core provisions of the Sarbanes-Oxley Act (SOX).
- Describe potential consequences if SOX compliance is ignored, particularly in areas such as senior leadership responsibilities, internal controls, financial disclosures, and accountability for a high-capital venture like Aurora Wilds.
- Ethical Financial Practices in Theme Park Operations
- Identify ethical financial practices and internal control measures that align with SOX and corporate governance principles.
- Explain the role of transparency, integrity, and financial stewardship in maintaining public and investor confidence.
Submission Requirements
Your submission should meet the following criteria:
- Follow APA guidelines for in-text citations and a reference page with at least four outside sources. Make sure your work is clear, professional, and free of grammatical errors.
Requirements:
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