Governance Challenges in Development

This assignment delves into the multifaceted challenges of governance within the context of development. It explores topics such as energy security, highlighting its connection to justice and governance issues. Additionally, it examines corporate governance practices, particularly focusing on agency problems and international cross-listings. The role of collaborative public management in achieving effective governance is also investigated, considering its evolution and future directions.

AICD Case Study project

Table of Contents
INTRODUCTION...........................................................................................................................1
PART 1............................................................................................................................................1
1.1) Identify the significant issues arising and why issues are significant.............................1
1.3) Propose recommendation to address the barriers identified for the board's considerations 3
1.4) Describe the anticipated outcomes assuming the recommendation are adopted............4
PART 2............................................................................................................................................5
1) Key skills of board member...............................................................................................5
PART 3............................................................................................................................................6
1) Five additional governance issues......................................................................................6
2) Issues and actions ..............................................................................................................6
3) How would personally seek to influence director to accept the recommendations...........7
CONCLUSION ...............................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
Companies have different types of issues that directly affects the firm performance and
productivity in the world. There are various strategies and approaches which helps to reduce the
complexity of the problem in an entity. AICD provides the policies to the companies for the
specific problem. Board of director has a responsibility to take effective decision based on the
risk or issues. There are various governance issues which affects the firm performance but that
can be easily solved by applying effective policies for the members. This report includes the
issues and solutions, skills of board member, governance barriers and efficient solutions. By
giving effective policies and environment to the member they can easily create effective strategic
plan for the specific plan.
PART 1
1.1) Identify the significant issues arising and why issues are significant
Burns foods are the company that provides good quality meats, fruits and vegetables to
the supermarkets. They are following different types of strategies and approaches to increase
overall firm performance and productivity in the world. It has many shareholders and
stakeholders in a market they give more profit to expand their business in a world. There are
many issues in the firm and they are discussed in the board meeting such as agreement with the
super large supermarkets for the supply of Australian grown, risk committee report and plan for
expansion of cold storage and logistic. There are a big problem which directly affects the firm
performance in a world that is company cannot provides the products based on the consumer
needs. Supermarkets needs the products and services at cheaper rate.
Companies provides the items at the cheaper rate then it gives more advantages and give
higher performance in the world. Australian institute of the company is the non profit firm in a
world and it provides the appropriate solutions and strategies based on the issues. In the 2.3
agenda there are many risks that occur in the company and it directly affects the firm
performance and productivity in the world. Some of the risk is affection of macro environment,
data and cybersecurity risk, inability to develop, maintain and remove existing property. These
all are the risk that is discussed in this board meeting and AICD course provides the appropriate
and effective solutions to get desired target of an entity in the world. It is the non profit
organization in the Australia and it also gives the valuable governance to the companies in the
world (Adams, 2012).
1

Further, there are one bis issue in the company is that there are no appropriate and
effective plans to expand the cold storage and logistics. By improving the production process the
firm can easily get higher performance and productivity in the world. Advanced IT materials and
management software helps to manage the data and process of the transportation in an industry.
There are various problems which occurs in a firm. To remove those issues from the company
they need to follows advanced and innovative strategies which helps to expand their business in
the market and also get desired target in the world (Siebels and zu Knyphausen‐Aufseß, 2012).
There are different types of methods and IT techniques which helps to maintain and
secure the data of a firm. One of the main barrier is that Burns foods reduce its brand value in a
market and goodwill. It is very big issue that has negative impact on an entity. If company have
good and effective product and services then only the consumer will but a product. There are
various competitors in a market they have good brand identification because they follow
different types of strategies and approaches to maintain brand recognition in the world (Cheng
and et.al., 2014).
Further, there are one more risk is that the data security. This directly affects the firm
performance and they are not able to get desired objective in a world. Those issues are
significant because all theses issues directly affects the firm overall performance and company
are not able to get desired goal in a world. To reduce the complexity and remove the barriers
they need to follows appropriate and efficient governance policies which is provided by the
AICD. It provides the plans and policies to increase their firm performance in a world
(Rothstein, Borraz and Huber, 2013).
1.2) Questions
 What type of strategies to increase productivity currently followed by your company?
 What technologies are currently used to expand the plan of cold storage and logistic in a
market?
 What are the approaches are used to reduce the risks?
 What types of IT techniques are currently used to secure the data of a company?
 How you currently maintain the brand image in the world?
 What types of approaches are used to maintain brand image in a world?
 How many key companies are associated with you entity?
2

1.3) Propose recommendation to address the barriers identified for the board's considerations
There are different types of ways to increase firm overall performance in the world.
Board of directors has a responsibility to provide appropriate solutions and take effective
decision which helps to get desired objective and also helps to expand their business in a world.
For each barriers there are various solutions which helps to reduce the complexity of an issue.
Board of director is the decision making based on the governing board for the non profit firm
business. It helps to make the process of planning and also provide appropriate and effective
strategies to increase the firm performance in the world. Some of the recommendation to reduce
the problems as follows:
 For the super large supermarket agreement is the best but sometimes it has negative
impact on the social and economic. To overcome this problem company needs to produce
innovative and effective items for the customers that help to increase overall productivity
in a world (Claessens and Yurtoglu, 2013).
 To reduce the risk of data security firm should follow the proactive strategy which helps
to maintain the record of accurate data. From the analysis it can easily determine that it
finds the threats for today and for the future. It finds the appropriate risk so that manager
can easily take valuable decisions and it also helps to protect and secure the company
data (Renders and Gaeremynck, 2012).
 Company are failure to protect and maintain brand image in the market so that they
should innovate their product and provide good quality products in the world.
 There are various strategies to expand a plan of cold storage and logistics such as high
pressure processing and custom pallet building. Both approaches involve convey vacuum
sealed products through the specialized procedure materials to sterilize it and kill all the
microorganisms (Cohen, 2012).
 To reduce the risk of to maintain flow of products to the supermarkets they should follow
different types of distributional channels such as value added reseller, direct sales teams,
the internet. These all are the ways and channels to provide good quality products to the
supermarkets. By using theses channels company can easily get desired target and get
higher performance in the world.
 One of the big problem is company not able to develop, maintain and renovate existing
property. By continuous motoring and maintenance of the expenditure of a firm manager
3

can easily take appropriate and effective decision based on the problem. They need to
apply some operational strategies for the operational activities of the firm (Prno and
Slocombe, 2012).
1.4) Describe the anticipated outcomes assuming the recommendation are adopted
From the above solutions it can be easily determine that those strategies are hep to
increase their firm performance and also helps to reduce the complexity of a barrier in the
company. There are different types of ways to solve appropriate problem. As per the
recommendation, first problem is that in which there are different types of risk which is data
security sand inability to maintain flow through of items to the supermarkets. One of the best
method to increase the firm productivity and also helps to get desired target in the world. There
are various distributional channels that helps to give appropriate products to the consumers such
as internet and value added reseller. By applying this strategy in a company they can easily get
higher performance in the world (Gilson and Gordon, 2013).
Further, proactive approach is the best way to protect and secure an entity data. Data and
information must be secured because if company lost entire data then it directly affects the firm
performance in the world. There are different types of method to protect the data but proactive
method gives higher security to secure the company data. Data of the firm must be protected and
no one can access an information. This approach gives higher security of a data and it also
identifies the future risk of the data. Based on the identification of a risk the manager can easily
take appropriate decision to solve the problem. This technology for the data security gives more
efficiency to maintain and manage the data of an entity. Employees of a company can easily
maintain the data and also helps to protect the data from unauthorized person (Peters, 2012).
Further, company are failure to maintain the brand identification in the market. By
providing innovative and good quality product to a customer entity can easily maintain brand
image in the world. Manager has a responsibility to know the consumer needs and based on the
client needs they should innovate their product and services in a world. By continuous
monitoring and maintenance of the firm expenditure firm can easily take appropriate decisions
which helps to overcome this problem. Manager must need to identify what are all the risk for
the company and which can be easily solved by the strategies (Goldthau and Sovacool, 2012).
4

PART 2
1) Key skills of board member
Board member must have good and effective skills which helps to take appropriate
decision for the companies. AICD course has efficient members which have good skills to
manage their work. Current board members have the skill of strategic plan and decision making
skills. All member has these skills which helps to take effective and valuable decision based on
their problems. Based on the risk of the company they create the strategic plan that gives the
appropriate way to solve the problem or overcome the issue. There are different types of problem
which are faced by the organizations. Current board gives the effective solution to the entity that
helps to expand their business in the world and also helps to get desired target in a market. There
are different types of skills such as decision making skills, time management and planning for
risk management (Grindle, 2012).
In the current board, all the members have decision making and strategic planning skills
which helps to give appropriate and effective solutions to the companies. Members are only
responsible to provide effective and valuable decision based on the companies risk. Some of the
duties and responsibilities of the board member as follows:
 Member has good time management skills to create effective strategic plan for the
specific issue.
 Director gives an open environment to the members so that they can easily give their own
ideas and suggestions for the particular problem.
 Boards review the risk and identify the risk and find appropriate solutions for a barrier.
They are responsible to give effective strategies to the companies.
 Member has a responsible priority the task and based on the priority take decisions.
RF Pty Ltd. Provides the supplier software for the data control. It gives higher security
and protect the data of the company. Board member must have the skills to manage the task
based on the requirements. Board has a responsibility to provide appropriate solutions and
strategies to an entity. Soke of the skills that must have in the board member as follows:
Planning skills
Planning skills is more essential for the member they must have this skills. By having
planning skills they can easily plan for the specific problem. If board member has this skill then
only they can create effective planning for the particular issue. It has a responsibility to identify
5

an appropriate solution and approaches which helps to solve the issues. To improve the skills the
member needs 4 months. They nee to take appropriate training and development to increase the
level of planning skills. This skills must be in the board member then only they can create an
effective plan for the issue (Grumbine, Dore and Xu, 2012).
Risk management skills
Based on the risk and problems and find out the effective solutions. The best way to
manger the task is to priorities the takes and then take appropriate decisions. It includes the
planning, designing, risk identification, risk evaluation. These all are the factors of the risk
management if the member has this skills then only they can take made plan for the specific
problem. Development of the risk management skills they member needed 5 months to manage
the risk and take appropriate decisions based on the client risk.
These skills must have in the board member which helps to give effective and efficient
decisions to the organizations. For the selection of the new member, a member must have these
skills and knowledge to take effective decision based on the risk. First director need to identify
the skills, knowledge, ability to take decision etc. these all are the factors that must be included
in the requirement process. For the selection of the member director need to create effective plan
and set the appropriate criteria for the specific position. Board member must have the ability to
provide effective solutions base don the risk (Karolyi, 2012).
PART 3
1) Five additional governance issues
There are different types of barriers that occurs in the board. Director has a responsibility
to take effective and efficient decision to solve the governance issues. Some of the governance
issues can be there such as risk management and personal liability, conflict of interest, result
measurement, investment oversight and ethical issues. These al are the barriers that can be occur
in the board. Manager has a responsibility to provide effective and open environment to the
members so that they can easily share their ideas and strategies for the specific problem. It also
needs to provide training and development to the member so that they can easily increase their
knowledge and skills to solve the barriers (Lowndes and Pratchett, 2012).
2) Issues and actions
To solve the governance issue they need to create strategic plan and also give efficient
environment to the members. There are various solutions for the governance issue as follows:
6

 One of the best solution to overcome the problem of conflict of interest is to provide
appropriate and effective policies to the members which helps to maintain relationship
between the members. It has negative impact on the board. The well constructed policies
defines the agreement that gives benefit to overcome this issue.
 For the risk management and personal liability one of the best solution is executive staff
need to take proactive steps and effective leadership helps to overcome this barrier from
the organization.
 Integrating the results' evaluation procedure into the program design and measurement is
important for the non profit firms. They ned to conduct the research and take self
assessment that help to know the actual condition and then company can easily take
valuable decisions. It helps to overcome the problem that occurred in the firm.
 The legal and investment objectives must be well define so they a member can easily set
their criteria and strategies to get desired goal and higher performance in the world. It
helps to overcome the issue of investment modality (McNulty, Zattoni and Douglas,
2013).
 Company take formal code staffs, board, shareholders ans stakeholders with appropriate
instructions for creating ethical choices. It helps to reduce the complexity of the barrier.
3) How would personally seek to influence director to accept the recommendations
There are different types of governance issues that can occur in the company.
Appropriate solutions for the each problem are discussed above and that are the effective
solutions which helps to maintain the relationship and also gives higher performance to the firm.
For the governance issues entity need to set and create effective policies to solve the barriers. By
applying those solutions in a firm they can easily get higher profit wand also get desired
objective of an entity in the world (O’Leary and Vij, 2012).
CONCLUSION
From the above report it can be easily concluded that each company has many issue
related to the profit and performance. Board of director has responsibility to provide effective
and efficient solutions to the company to overcome an issue. There are different types of risks,
problem, productivity issue that can be easily solved in board meeting. Board member must have
good communication, problem solving and leadership skills which help-s to take effective
7

decision based on the risk or barriers. Governance issues can easily solved by applying
approaches and policies in the company.
8

REFERENCES
Books and journals
Adams, R. B., 2012. Governance and the financial crisis. International Review of Finance. 12(1).
pp.7-38.
Cheng, M. and et.al., 2014. The international integrated reporting framework: key issues and
future research opportunities. Journal of International Financial Management &
Accounting. 25(1). pp.90-119.
Claessens, S. and Yurtoglu, B. B., 2013. Corporate governance in emerging markets: A survey.
Emerging markets review. 15. pp.1-33.
Cohen, A., 2012. Rescaling environmental governance: watersheds as boundary objects at the
intersection of science, neoliberalism, and participation. Environment and Planning A.
44(9. pp.2207-2224.
Gilson, R. J. and Gordon, J. N., 2013. The agency costs of agency capitalism: activist investors
and the revaluation of governance rights. Columbia Law Review. pp.863-927.
Goldthau, A. and Sovacool, B. K., 2012. The uniqueness of the energy security, justice, and
governance problem. Energy Policy. 41. pp.232-240.
Grindle, M., 2012. Good governance: The inflation of an idea. Planning ideas that matter,
pp.259-282.
Grumbine, R. E., Dore, J. and Xu, J., 2012. Mekong hydropower: drivers of change and
governance challenges. Frontiers in Ecology and the Environment. 10(2). pp.91-98.
Karolyi, G. A., 2012. Corporate governance, agency problems and international cross-listings: A
defense of the bonding hypothesis. Emerging Markets Review. 13(4). pp.516-547.
Lowndes, V. and Pratchett, L., 2012. Local governance under the coalition government:
Austerity, localism and the ‘Big Society’. Local government studies. 38(1). pp.21-40.
McNulty, T., Zattoni, A. and Douglas, T., 2013. Developing corporate governance research
through qualitative methods: A review of previous studies. Corporate Governance: An
International Review. 21(2). pp.183-198.
9

O’Leary, R. and Vij, N., 2012. Collaborative public management: Where have we been and
where are we going?. The American Review of Public Administration. 42(5). pp.507-
522.
Peters, B. G., 2012. Governance as political theory. In Civil Society and Governance in China
(pp. 17-37). Palgrave Macmillan US.
Prno, J. and Slocombe, D. S., 2012. Exploring the origins of ‘social license to operate’in the
mining sector: Perspectives from governance and sustainability theories. Resources
Policy. 37(3). pp.346-357.
Renders, A. and Gaeremynck, A., 2012. Corporate governance, principal‐principal agency
conflicts, and firm value in European listed companies. Corporate Governance: an
international review. 20(2). pp.125-143.
Rothstein, H., Borraz, O. and Huber, M., 2013. Risk and the limits of governance: Exploring
varied patterns of risk‐based governance across Europe. Regulation & Governance.
7(2). pp.215-235.
Siebels, J. F. and zu Knyphausen‐Aufseß, D., 2012. A review of theory in family business
research: The implications for corporate governance. International Journal of
Management Reviews. 14(3). pp.280-304.
10

11