Theoretical Accounting Writing

Total two questions as below Due in 12-18 hours max Accounting/Business major - Please indicate in the proposal Question 1 a. Provide a brief discussion of what is meant by the term "corporate governance". Include in your discussion the various regulatory influences on public companies in Australia in relation to corporate governance. Also provide your opinion whether Santos exercises good corporate governance and list possible strengths (3) and weakness (3) of corporate governance at Santos Ltd with clear reasons as to why you have identified them. b. What is Triple Bottom Line Accounting? What indications or examples can you find in the reports to indicate that Santos is delivering in terms of the Triple Bottom Line. Give at least two examples for each. c. In your opinion how is the company performing? How do you justify this assessment of performance? What external factors might impact the performance of this company. (Note 5 clear explanations should be given) (maximum number of words: 700-800) Question 2: Founded in 2010, Instagram considers itself to be "a fun and quirky way to share your life with friends through a series of pictures." By downloading the free Instagram mobile application (or app), users snap a photo with their mobile phone, then choose a filter to transform the image, and can share it on various sites such as Facebook and Twitter. The company views itself as more than just a photo-storage tool but a way "to experience moments in your friends' lives through pictures as they happen. We imagine a world more connected through photos." In April 2012, the 13-employee company was acquired by social networking giant Facebook for approximately $1 billion. In less than three years, Instagram has become one of the fastest growing social media platforms as seen by its estimated 12 million daily users In December 2012, several months after being acquired by Facebook, Instagram announced new changes to its privacy policy and terms of use. According to the updated terms, "a business or other entity may pay Instagram to display users' photos and other details in connection with paid or sponsored content or promotions, without any compensation to you," and there was no apparent option to opt out. The backlash was immediate. Photographers and celebrities were particularly upset, given that their photos were a part of their own businesses and brand images. Instagram was quick to respond that its intention was simply to improve advertising. Co-founder Kevin Systrom posted, "Our intention in updating the terms was to communicate that we'd like to experiment with innovative advertising that feels appropriate on Instagram. Instead it was interpreted by many that we were going to sell your photos to others without any compensation. This is not true and it is our mistake that this language is confusing. To be clear: it is not our intention to sell your photos." Instagram's privacy policies and terms of use were once again updated in January 2013. The current terms state, "You hereby grant to Instagram a non-exclusive, fully paid and royalty-free, transferable, sub-licensable, worldwide license to use the Content that you post." Required: Relying on two ethical theories, discuss how Instagram failed to comply with these theories in deciding to change its terms of service. (maximum number of words: 1500-1600)