Summarize the major changes in IFRS that may affect the Nestle Group after 2016

i. What are the similarities and differences t IFRSo the three items in part a? (word limit in total = 200)

ii. In your own words summarize the major changes in IFRS that may affect the Nestle Group after 2016. (word limit in total = 100)

iii. The web site of Nestle states that “Our strategy focuses on delivering distinct benefits to people through the food and beverages, products and services we provide. Over 150 years we have built a successful business by understanding and anticipating the needs of society, and continuously adapting ourselves to seize the opportunities presented to us”. (http://www.nestle.com/investors/annual-report). Outline how Nestle delivers benefits to people through food. (word limit in total = 200)

iv. The web site of Nestle states that “Our Board of Directors sets our long-term strategy and provides oversight on the basis of strong principles and an appropriate tone from the top. It ensures the long-term success of our company based on a clear strategy and good corporate governance”. Outline how the Board of Directors of Nestle provides “the basis of strong principles and an appropriate tone from the top” (word limit in total = 200)