Corporate Governance and Myer Ltd

Running head: ACCOUNTING
Accounting
Name of the Student:
Name of the University:
Author’s Note

1
ACCOUNTING
Table of Contents
Introduction......................................................................................................................................2
Discussion........................................................................................................................................2
Changes in Corporate Governance Principles and Recommendations........................................2
Analysis of Corporate Governance Policies of Myer Ltd...........................................................4
Selection of a Country.................................................................................................................5
Conclusion.......................................................................................................................................5
Reference.........................................................................................................................................7

2
ACCOUNTING
Introduction
The main purpose of this assessment is to analyze the business of Myer Holdings Ltd
which is considered to be one of the largest departmental store operating in Australia. The
assessment considers the corporate social responsibility aspect of the business. In addition to this
the assessment would also be recognizing the key changes which were made to the fourth edition
of Corporate Governance Principles and Recommendations. The changes which are identified
would then be analysed with respect to Myers Holding Ltd and how the same can bring about
changes in corporate governance setting of the business (Khan, Muttakin & Siddiqui, 2013).
Moreover, it is also to be noted that the assessment would be identifying a foreign country which
would be most suitable for expanding the operations of the business. The choice of the foreign
country where the company would be considering expansion of business would be considered on
the basis of sustainability requirements of the business.
Discussion
Changes in Corporate Governance Principles and Recommendations
In order to cope up with the recent market conditions, certain changes have been made in
the corporate governance framework in order to ensure that proper governance strategies are
followed by businesses (Tricker, 2015). There are 8 elements which are included in corporate
governance framework out of which changes in central principle and certain recommendations
are suggested for all the elements. The important recommendation which is suggested in the
framework are listed below:
Lay Solid Foundation for Management and Oversight