Corporate Governance and Risk ManagementSummative Assessment Background: You are an independent consultant who advises UK listed companies in respect of corporate governance and risk management issues.You have been approached by the Chair of the Board of Your Allocated Case Study Company and have been asked to prepare a report for the Board that reviews their current corporate governance practices and risk management approach. The Chair requires a report that will add value to the company. Further details are as follows: They have asked you to write a 3,500 word business report which is clearly defined in two sections. The requirement for Section A is detailed below. Section A: Critically evaluate the extent to which the company (your client) demonstrates engagement with best practice of corporate governance in accordance with the UK Corporate Governance Code and current best practice demonstrated/recognised by other companies.Your analysis should not be solely restricted to their disclosures in the annual report and should consider any wider factors which are relevant. Your client is aware that you will not be able to focus on all elements of corporate governance as part of your report so require you to identify and justify the area(s) that you feel are most relevant to your client. Further to Section A, the Board of Directors and Senior Management are considering opening a retail operation in India (you may assume that all metrics for the new operation will be equivalent to 15% of the current retail operation of your case study company. This makes it a significant venture for your organisation). Section B: Conduct and present a risk assessment of the proposed strategy above utilisingan appropriate risk assessment process. Your client will expect the analysis to focus on the identification and justification of a maximum of two key risks. You should then propose and evaluate suitable responses that you would advise the company to put in place to manage the key risk(s) discussed. It is advised that you utilise appendices to provide supporting information, evidence of risk identification and evidence of the risk assessment process taken.