Securing Higher Grades Costing Your Pocket? Book Your Assignment At The Lowest Price Now!

- +
250 Words
Upload File
    Choose Your Topic

    Broader Corporate Objectives & Corporate Governance

    Question Preview:

    Agency problems Corporate governance and control The broader corporate objective & corporate social responsibility Corporate governance: A global perspective Application: stock options as an incentive [seminar (case study)]...

    Solution Preview:

    Current Structure of Board of directors of Bega Cheese LimitedThe corporate governance followed at Bega Cheese Limited is in proper shape. As per principles 2 stated by the recommendations of ASX which are stated for increasing the corporate governance at the companies listed at ASX that the Board must be structured in a way that it is able to add value to the concern (Asx.com.au, 2018). The Board must be of appropriate size, skills, composition and they must also be able to fulfill their commitment to be able to discharge their duties in a proper manner. The company has a nomination, remuneration, and the human resource committee and this comprises of one independent director who is the chairman of the committee but the recommendation 2.1 is not followed at the company which needs the maximum member composition should be more than 3. With regards to recommendation 2.2, The company has stated about the details of the experience, skills, expertise of the members are present in the report of the company (Shimeld, Williams and Shimeld, 2017). They have tried to have a mix of the finance, industry and from business kills among the directors so that the Board is able to guide properly the strategic and governance direction to be taken by the company. The membership of the board is comprised of the five directors which include executive directors and the two independent directors.Bega cheese has, however, has not followed the recommendations of 2.4 and 2.5 which means that the Board doesn’t consist of a maximum of Independent directors and is also not chaired by an independent chairman. The CEO of the company and the chairman must not be the same as per the recommendation. the board of Bega Cheese has placed a special emphasis on Barry Irvin as they believe that he is the right person to perform the role of the executive chairman in the company.Then as per recommendation 6, the Group has a system in place to induce the new directors at the company and have provided them opportunities to do professional development so that they are able to maintain and develop their knowledge and skills to be able to perform their duties in a proper manner (Safari, 2017). All the directors from time to time are free to take approval from the Executive chairman to seek about the advice of professionals at the expenses of the group. This way to some extent the company has followed the recommendations stated by ASX and have not followed all the principles.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

    Get Full Solution In $20Pay Now

    $20

    Orginal Price : $26.0

    PAY NOW

    Upload Assignments

    Get your free personalized course list

    - +
    250 Words
      Get Your Assignment

      Don’t delay more, place your order now. Quick assignment help will be offered to you.

      ORDER NOW
      Our Testimonial
      ...
      Divya Chopra
      Management Student Studying in Australia

      I had a splendid experience with LiveWebTutors. They are always available to help. I was glad when they gave me an original solution of my assignment in just 12 hours and I got A grade in it. Thank you Livewebtutors! You are the best!

      ...
      Mohit Lakhotia
      Management Student Studying in Australia

      My experience with LiveWebTutors was nothing short of excellence. Whenever I approach them, they always take care of the requirements and offer me solutions exactly as I need

      ...
      Richa Khandelwal
      Business Studies student, studying in Australia

      They took care of the plagiarism issue that I was facing and delivered a 100% authentic and plagiarism free assignment. I was proud to receive an A+ because of the exceptional online assignment help that I received.

      ...
      Monika Jaiswal
      Law student, studying in Australia

      An assignment that was taking me around few months to be done was delivered to me in only a few weeks. Thank you, team of LiveWebTutors, for such swift support'