You should select a company for which annual report is available for at least one year

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You are required to select a company. You should select a company for which annual report is available for at least one year (2018, 2017 or 2016). The company is to be a company of your choice, but, must be listed on the Kuwait Stock Exchange.

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you can find a company from this website ( https://www.boursakuwait.com.kw )

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COURSEWORK ASSIGNMENT BRIEF Module Title Special Topics in Accounting Title of Assignment Coursework Hand-out date Week 11: 18th November 2018 Deadline Week 13: Thursday 6th December 2018 by 1:00 pm (Hand submission) Weighting within the module 10% of the total course mark Word limit 2,000 words Details of the coursework You are required to select a company. You should select a company for which annual report is available for at least one year (2018, 2017 or 2016). The company is to be a company of your choice, but, must be listed on the Kuwait Stock Exchange. You are required to prepare a report on the chosen company. The report should conform the following ▪ An overview about the company and the industry in which it operates. ▪ Identify the key structure of corporate governance of the chosen company, and in your own words describe if this structure good or bad. ▪ Identify the CSR activities conducted by the chosen company. ▪ Determine some item that the management could use to engage in earnings management. Notes • • University rules on late submission apply. Losing 1% for each one-day late submission. All works must follow Academic Honesty Rules 1
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References


Running head: THE NATIONAL BANK OF KUWAIT

The National Bank of Kuwait
Names:
Institution:

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THE NATIONAL BANK OF KUWAIT

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The National Bank of Kuwait
There are different strategies that a company could apply in order to continue growing
and remain sustainable. In this case, the kind of corporate governance that an organization
adopts plays a key role in its success. For instance, corporate governance and the way that an
organization is managed, directed, and controlled has a significant influence on decisionmaking, strategic planning, and the investment direction that an organization takes. On the
other hand, other organizations also capitalize on corporate social responsibility in a view to
boost their public image, raise their market share, and attract more customers. Moreover, the
perceptions that customers have towards a company have a significant impact on their
decisions and consequently influence their retention and turnover. In this coursework
assignment, the National Bank of Kuwait will be critically analyzed in terms of its operations
and the industry, its corporate governance and its effectiveness, and the corporate social
responsibilities that the company conducts. This analysis will then help in determining ways
in which the management could optimize its earnings.
Company overview
The selected company for this assignment is the National Bank of Kuwait. This is a
company that operates in the banking industry. It is headquartered in Kuwait City in Kuwait.
The bank has been in existence for well over six decades. It was founded in 1952 by a
consortium of investors from Kuwait who saw a need to establish a bank to serve their needs
and those of a nation that has just entered its “golden era” in the previous decade (National
Bank of Kuwait, 2018). Little was known about the nation of Kuwait prior to the 1950s. With
the beginning of the oil prosperity in the 1940s and the beginning of the golden era, Kuwait
shortly experienced a fast growth rate as a result of increased cash inflows from oil exports
and shortly became the largest exporter of oil in the Gulf region (Ali, 2004). This period also

THE NATIONAL BANK OF KUWAIT

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saw the beginning of an increase in the number of immigrants in the country, a factor that has
since led to the increase of the expatriates to more than twice the number of Kuwaitis in the
nation. With increased population, urbanization, and wealth among the people, it was easy for
the National Bank of Kuwait to experience an uninterrupted growth both domestically and
internationally.
The National Bank of Kuwait was the first local bank to be established in Kuwait. At
the time of its establishment, the only existing banks at the time were foreign-owned as the
nation was still under the indirect rule of British as a protectorate. As Al Hajeri (2010)
reports, cases of discrimination against the locals were rampant at the time and they lacked
access to services such as banking. In fact, the bank states on its website that among the key
motives among the founders to open a local bank was the rejection of a request from one of
the founders to the British Bank of Middle East to open a letter of guarantee and the
persistence of the ...


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