Business Environment: Governance and Structure of Royal Bank of Scotland PLC

Business Environment

Table of Contents
INTRODUCTION ..........................................................................................................................4
TASK 1............................................................................................................................................4
Examine how Royal Bank of Scotland PLC is governed and structured...................................4
The structure of Royal Bank of Scotland PLC............................................................................5
Task 2...............................................................................................................................................6
Importance of PESTEL analysis for carrying out business activities in Royal Bank of
Scotland PLC..............................................................................................................................6
TASK 3 ...........................................................................................................................................8
PESTEL analysis of Royal Bank of Scotland PLC....................................................................8
CONCLUSION .............................................................................................................................11
REFERENCES..............................................................................................................................12

Executive Summary
This report will examine that business environment consist of two factors like internal
and external drivers that influence the overall growth of the company. For reducing the effect of
internal and external change they need to keep on evaluating these forces. External forces can be
manage by Pestel analysis to improve overall growth.

INTRODUCTION
Business environment combines of internal and external factors. Internal forces can be
controlled but external forces can not be controlled by business organisation. This influence
operations and functioning of business entity. Internal forces are comes within the enterprise
where as external affect the company from outside. Company mainly analyse SWOT to evaluate
internal forces and for external they examine PESTEL analyses. The chosen enterprise of this
report is Royal Bank of Scotland PLC. This is one of the leading retail and commercial bank in
Scotland which was founded in 1727. This report aims at providing governance and structure of
the company. It evaluate importance of PESTEL analysis along with how these external forces
affect business environment of company.
TASK 1
Examine how Royal Bank of Scotland PLC is governed and structured.
The Royal Bank of Scotland PLC is highly committed towards the appropriate standards
and integrates set of activities in respect of corporate governance and professionalism. This
organisation is framed and governed by their own boards of directors and committees members.
It is governed by board of RBSI holdings, they have responsibility for devolving controlling the
operations of company. The board sanction various strategy plans and supervise performance of
organisation. They established proper structure of board discussion to provide detail inspection
of organisation's affairs on annual basis. This will enhance performance and productivity of
entity. This bank was established in 1727, they acquire two bank in 2000 that is Royal bank and
Westminster bank. These are two recognised retail brand that deliver personal banking and
corporate services (Abuselidze, and Gogitidze 2020). The bank also owns others financial
corporation and offers auto mobile insurance through telephones or internet.
The Royal Bank of Scotland made an effort to enhance economic position using scheme
of Darien during 17th century. But they get unsuccessful and again established this bank in 31
may 1727. company has been faced lots of competition during early stage of 19 century. The
bank already secure its position in terms of charter but under companies act, the national and
commercial bank secure and befalling them. After that in early stage of 20 century they turn into
face of acquisitive. They started expanding its market in England by capturing Drummond Bank.