DPR1504 Assignment 1 2025 – 28 March 2025

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DPR1504 Assignment 1 2025

To complete Question 1 and Question 2, consult Lonmin Platinum Mining Company uploaded under additional resources.

QUESTION 1- Reasons for building relationships with stakeholders

According to the ‘King Code of Governance’, called King IV, the principle regarding stakeholders states the following: “As part of its decision-making in the best interests of the organisation, the governing body should ensure that a stakeholder-inclusive approach is adopted”.

QUESTION 1: Reasons for Building Relationships with Stakeholders (20 Marks)

According to the King IV Code of Governance, organizations should build strong relationships with stakeholders as part of their decision-making process. Stakeholders include employees, trade unions, government authorities, investors, and local communities. In the case of Lonmin Platinum Mine, the failure to engage effectively with stakeholders led to severe consequences, including the Marikana massacre.