Accounting Theory and Corporate Governance

Running head: ACCOUNTING THEORY AND CORPORATE GOVERNANCE
Accounting Theory and Corporate Governance
Name of the Student
Name of the University
Author’s Note

1ACCOUNTING THEORY AND CORPORATE GOVERNANCE
Table of Contents
Answer to Part A........................................................................................................................2
Requirement 1........................................................................................................................2
Requirement 2........................................................................................................................2
Requirement 3........................................................................................................................2
Answer to Part B........................................................................................................................3
References..................................................................................................................................8

2ACCOUNTING THEORY AND CORPORATE GOVERNANCE
Answer to Part A
Requirement 1
Wesfarmers Limited and Boral Limited has ensured the disclosure of their corporate
governance, policies and practices under the Corporate Governance Section in the Annual
Report (wesfarmers.com.au, 2019).
Requirement 2
Wesfarmers Limited Boral Limited
a. 9 Directors 8 Directors
b. 8 out of 9; 88.89% 7 out of 8; 87.5%
c. 8 out of 9; 88.89% 100%
d. Michael Chaney is the Chairman. As per
him, there was decrease in net profit
while operating profit increased. Thus,
Wesfarmers has taken certain decisions
to revive the situation
(wesfarmers.com.au, 2019).
Kathryn Fagg is the Chairman. As per her,
effective performance of business led to
the increase in company profitability.
Boral Limited has engaged with their
stakeholders in an effective manner
(boral.com, 2019).
e. 418000 out of 1133840000; 0.037% 1623442 out of 1172331924; 0.13%
f. No information 27.93%
Requirement 3
As per the above discussion, Wesfarmers Limited and Boral Limited have effectively
disclosed the needed information about the corporate governance indicators in the annual
report. This shows the strong corporate governance practice of these companies. In addition,
both of these two companies have complied with the ASX Corporate Governance Council’s
Principles and Recommendations for their corporate governance practice (boral.com, 2019).