Corporate Governance and Ethics

Running Head: CORPORATE GOVERNANCE AND ETHICS
CORPORATE GOVERNACE AND ETHICS
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1CORPORATE GOVERNANCE AND ETHICS
Executive Summary
The corporate governance is the system that help of which the businesses of the
company are controlled as well as directed. This key factor underpins the efficiency as well
as integrity of the company. Further, board orientations are the process of giving vital
information of the company to the new board member. Moreover, the assumption of the
legitimacy theory is to fulfill the social contract of the organization, which helps in enabling
objectives recognition. Hence, under this assignment, discussion will be on corporate
governance of Brambles Limited, its board orientations and legitimacy theory. Brambles is
the Australian company that operates around sixty companies through the CHEP brand,
which provides the ranges of the supply chain platforms consisting of safe handling
equipment, specialized containers, pallets as well as Reusable Plastic Crates. Therefore, the
company applies core principles of the good corporate governance that depicts transparency,
accountability, fairness as well as responsibility.

2CORPORATE GOVERNANCE AND ETHICS
Table of Contents
Introduction................................................................................................................................3
Background of Company.......................................................................................................3
Discussion..................................................................................................................................4
Corporate Governance at Company.......................................................................................4
Board Orientations.................................................................................................................6
Interpretations of Communication of Company using Legitimacy Theory...........................9
Conclusion................................................................................................................................10
Reference..................................................................................................................................12

3CORPORATE GOVERNANCE AND ETHICS
Introduction
Corporate Governance is defined as set of the principles, systems as well as processes,
with the help of which company is governed. It helps in providing the framework by which
the directors of the company ensures transparency, fairness as well as transparency, in
relationship of the company towards their stakeholders such as community, investors,
government, employees and customers. Corporate governance is the method by which
company instate their own laws, policies as well as customs. In this context, the board
committee plays leadership role in shaping corporate governance. In addition, the orientation
of the board is the process by which board members are provided with precise information
for enhancing their role in organization. Further, legitimacy theory is the mechanism, which
supports the companies in the implementations as well as development of the voluntary social
as well as environmental disclosures for fulfilling the social contracts (Tricker & Tricker,
2015). Therefore, this assignment includes the discussion about Brambles Industries, its
practice of corporate governance, board orientations as well as interpretations of the
communication of company by using the legitimacy theory.
Background of Company
The Brambles Industries Limited is the global support services group that operates in
about fifty countries as it includes the business of recall (information management), cleanway
(services of integrated waste management), CHEP (plastic and pallet container pooling) as
well as Brambles Industrial Services. It is the ASX listed company in the supply-chain
logistics that is specialized in pooling of the unit-load equipment as well as related services,
which focuses on the outsourced management of the crates, pallets as well as containers.
Brambles limited is the global provider of the services of supply-chain logistics, which
promotes shared uses of their platform among the various participants of the supply chain,
under circular model of ‘share and reuse’ that is known as pooling. The company is ranked