Answer to Question #166424 in Economics for Wilfred Mwinso

Question

Use the attached 2019 Annual Report of Aluworks Limited and any other information from their 

website （www.aluworks.com）to briefly reflect on the following questions on sustainability, corporate governance, 

corporate restructuring and corporate reorganisation. 

i.

From the annual report and any other publicly available document, analyse the 

corporate governance structure of Aluworks by commenting on the profile of the board

chairman, the other directors, and the specific composition of the sub-committees.

What are the possible implications of this structure on board functions, style and 

culture?

ii.

In the report, it was stated clearly on page 19 that “the company did not undertake any 

corporate social responsibility (CSR) programmes during the year”. 

What could be the possible implications this action will have on the sustainability of 

Aluwork PLC (Draw on some of the theories we learnt about sustainability reporting)

iii.

From the report, are there specific indicators that show that the company is in distress?

Use the Altman Z-Score and any other information available in the report including 

financial statements and any other specific statements from key stakeholders that show 

whether Aluworks is in a distress situation or not.

iv.

From the report, state clearly the THREE (3) major shareholders of Aluworks PLC 

and the proportion of their shareholdings. Identify whether those shareholders have 

control or significant influence on Aluworks and whether Aluworks was right in 

presenting separate financial statements. Do you see any issues bordering on 

consolidation?

Answer 1

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