Corporate Governance and Ethics

This report discusses the corporate governance principles and sustainability initiatives of Seek Limited, a publicly traded company listed on the Australian Securities Exchange. It examines the strengths and weaknesses of the company's governance structure and highlights key achievements in sustainability initiatives. The report also reviews the company's compliance with governance principles and the GRI content and quality principle. Overall, it provides insights into the company's commitment to ethical practices and responsible governance.

RUNNING HEAD: CORPORATE GOVERNANCE AND ETHICS 0
CORPORATE GOVERNANCE AND ETHICS
SEEK LIMITED

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Table of Contents
Introduction......................................................................................................................................2
Strengths of structures and mechanisms..........................................................................................2
Weaknesses in governance..............................................................................................................3
Governance Principles Amendments in 2014..................................................................................3
Seek Limited compliance of governance principles....................................................................3
GRI content and quality principle....................................................................................................4
Key achievements in sustainability initiatives.............................................................................5
Review of the sustainability report..............................................................................................5
Conclusion.......................................................................................................................................6
References........................................................................................................................................7

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Introduction
Seek Limited and its subsidiary companies, known as the Seek Group, focus on
facilitating the matching between jobseekers and employment opportunities and helping hirers
find candidates for advertised roles (Cilliers, Viljoen, & Chinyamurindi, 2018). The company is
headquartered in Melbourne, Australia, Seek is a publicly traded company listed on
the Australian Securities Exchange. The operations of the company expands across many
countries, some are Australia, China, Bangladesh etc. In this report the ASX corporate
governance principles/recommendations is discussed. In this the strengths and weaknesses of
governance structure and sustainability initiatives taken by the company is also discussed.
Strengths of structures and mechanisms
The strengths of structures includes that it leads in creating the long term as well as
sustainable value of shareholder, however, the board of directors ensure that workplace of the
company and the functions of the company is equal, fair and also respectful for their workers.
The strengths include that it also focuses on the interest of all other stakeholders of the company
the board of directors, the company board of directors are mainly outsiders. The structure of
director is aligned with the strategic intent of the Seek limited, the team of executive handle the
opportunity as well as threats which company faced (Bäckstrand & Kuyper, 2017). The company
has five non-executive directors, three executive directors and two formal executive directors.
Seek Limited boards of directors together with the external consultants for providing the
independent data of benchmarking, data regarding the trends, development of regulations, they
together leads in making the decision about the remuneration. The policies and procedure of the
company for the directors were compliance all the governance policies of the government that
are policy of share trading, policy of whistleblowers, policy of Anti-Bribery as well as Anti-
corruption, this leads that the company has honorable and trustworthiness directors (Börzel &
Grimm, 2018). The board of directors made various policies and procedure to achieve the
mission of the company that is it made the strategy of approving as well as monitoring the
management of capital which includes divestments, expenditure. The other policies are making

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the code of conduct for their employees as well as examining the Seek limited compliance with
the standards of corporate governance.
Weaknesses in governance
The weaknesses in the governance of Seek Limited leads that there is no proper structure
of governance in Seek Limited, because of lacking in the awareness regarding the several
problems which includes quality and managerial disclosure. The company does not follow the
entire governance standard, which was amended in the year 2014, that is the company does not
provide the complete information regarding the company governance to the person who is
investing in the business (Carla & Andrée, 2019). Seek limited provides limited opportunities to
the directors for the development of the abilities; it offers only some of the programs that is
international training programs.
Governance Principles Amendments in 2014
There were nine new recommendations in the ASX corporate governance
principles/recommendations with the small changes that are to take on the suitable checks before
appointing the person, providing the security holders all the information which is considered
significant in making the decision. The listed entity could contain the written contract through
every director and the senior executive, while setting the employment terms (Aguilera, Judge, &
Terjesen, 2018). The company secretary could answerable to the board directly and should
recruit the directors as well as offer the suitable opportunities of development for maintaining the
abilities. The listed company could give the information regarding the company as well as their
governance to the investors. The company should do the disclosure of internal audit function and
provide the complete information about the function.
Seek Limited compliance of governance principles
The company compliance with the governance standards while appointing the new
directors, the nomination committee identified the appropriate candidate by checking the
background of the person, personal qualification, qualities of the person and sees the capabilities
of the employees to culturally fit in the diverse environment. The company also examined the
skills and abilities of the employees for confirming the person in appointing them as the board of

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director (Al-Najjar & Clark, 2017). The company also follows the governance principles of
providing the induction programs for the new directors so that they become familiar with the
company. Seek limited; also follow one more governance principle while appointing the director
that is board assesses independence of every director in the subject of the relationship, interest of
directors as well as policies and guidelines which is made in the guidelines of director
independence. In Seek Limited, the director accesses all the members which are in the senior
management to provide the appropriate data or information. The company functions according to
the governance standards and recommendations and does review of the board’s performance
regularly (Seek Limited Annual report, 2016). However, for this the bards adopt the survey
method for the internal board as well as for reviewing the performance of the committee. The
board of Seek Limited develops the code of conduct according to the governance principles and
recommendation that is director should compliance with the various policies which includes
share trading, whistleblowers, Anti-corruption as well as Anti-Bribery policy.
GRI content and quality principle
Sustainability is considered a vital as well as critical in the mission and objective of the
company. The theory of sustainability is composing by three pillars, which are economic,
environmental, and social (Portney, 2015). The Global Reporting initiative helps in
understanding the influence of issues regarding the climate, rights of the human, environment
protection etc.
Seek limited in the year 2019, provides several opportunities of employment to the
millions of citizens by making the shared value for the workers, students as well as investors.
The company for increasing the relationship with the communities it provides charity up to 57%,
donations for the goods, staff time volunteerism (Fransen & LeBaron, 2019). The company
maintains the license of operating their business by providing quality goods to the customers and
by providing freedom of rights, company excludes the child labor. Seek limited for increasing
the motivation for the employees, it develop the code of conduct in 2016 for offering the equal
and fair salaries to the employees in the organization (Bäckstrand & Kuyper, 2017). The
company covers the labor relation through the National Labor Relation Board, International
labor organization. However in 2015, it also provides additional human rights that are right to

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bargaining collectively, providing equitable compensation. The company makes the use of Co2
emissions as well as emissions of greenhouse gas for deal with change in the climate (Seek
Limited Annual report, 2016). The company also adopts the environmental policies like
compliance with the investors, transparency request. However, for the quality principles the
operations of the company is in the several countries like Australia, Bangladesh etc. The
company mainly addresses the areas of Australia because of earning revenues that is in 2018, the
revenue of the company was $1,382,400,000 (Onyekuru, Tikon, & Effiong, 2019). The company
follow the concept of employee engagement for motivating the employees and develop the rule
of ‘people first’. In the year 2017, the company adopted the technology of gender neutralizing.
However, it is done to increase the opportunities for attracting the female in the roles and
responsibilities.
Key achievements in sustainability initiatives
The adoption of developing the diverse as well as inclusive workplace helps the company
in building the self-motivate and culture, which perform higher. The company adopts employee
engagement, through this company achieve that people believe that Seek Limited is considered
the place in which the individual feel respected as well as highly valued, which is supported by
the company. The various initiatives leads in increasing the motivation among the customers and
employees, which helps in increasing the revenue of the company that is in the year 2017 it was
$1,053.2 million which is higher as compared to year 2016 which was $965.4 million (Garfias,
2019). It also helps the company in increasing the number of employees that s in the year 2017,
the company was having the 805 employees. In Australia, the company provides the program of
internal Volunteering, which helps the company in increasing the skill of the employees, who all
takes part in the program. Seek Limited gets the award in the Talent international on the category
to considering the high innovative organization in the year. The company also achieves the
award of place of work giving the excellence in 2017 (Knorr, 2019).
Review of the sustainability report
The various committees believe that the company provides the opportunities for
developing the career in the organization and also good rating to the company. The other
communities members also say that Seek Limited also provide the opportunity of equality and
diversity in the organization (Stiglic & Viner, 2019). In the year 2018, the other consultants like

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human resource manager and marketing consultant also reviewed after the initiatives taken by
the company in protecting the environment as well as developing the aim of engaging the
employees. The consultants believe that it is most trustworthiness company and has done
reduction in the emissions of Co2 (Aldington & Eccleston, 2019).
Conclusion
From the above it is conclude that Seek Limited facilitates in making the association
between jobseekers and opportunities of employment. It also support the candidate in hiring as
well as searching the person for the roles of advertised. The strengths of the governance structure
includes that in the company the director structure is associated through the strategic intent of the
company. From the above it also concludes that company also has weaknesses in the governance
that the complete information regarding the governance is not provided to the investors. The
company followed several governance principles for the smooth functioning some are that while
appointing the new director, board does the background check, qualification checks etc. Seek
Limited takes various initiatives in the sustainability that is it provides 57% of the charity, offer
employee engagement program. It helps the company in increasing the revenue, employees and
getting various awards. The consultant provides the review and says that company follows the
standards to prevent the environment.

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References
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Al-Najjar, B., & Clark, E. (2017). Corporate governance and cash holdings in MENA: Evidence from
internal and external governance practices. Research in International Business and Finance , 39,
1-12.
Bäckstrand, K., & Kuyper, J. W. (2017). The democratic legitimacy of orchestration: the UNFCCC,
non-state actors, and transnational climate governance. Environmental Politics , 26 (4), 764-788.
Börzel, T. A., & Grimm, S. (2018). Building Good (Enough) Governance in Postconflict Societies &
Areas of Limited Statehood: The European Union & the Western Balkans. Daedalus , 147 (1),
116-127.
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Fransen, L., & LeBaron, G. (2019). Big audit firms as regulatory intermediaries in transnational labor
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Garfias, F. (2019). Elite Coalitions, Limited Government, and Fiscal Capacity Development: Evidence
from Bourbon Mexico. The Journal of Politics , 81 (1), 94-111.
Knorr, A. (2019). Big Data, Customer Relationship and Revenue Management in the Airline Industry:
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Onyekuru, N. A., Tikon, F. U., & Effiong, M. O. (2019). Fertilizer policy of 2010-2015 and changes in
farmers fertilizer use and revenue in Taraba State, Nigeria. Journal of Agricultural Extension ,
23 (2), 154-162.
Portney, K. E. (2015). Sustainability. Cambridge: MIT Press.
Seek Limited Annual report. (2016). Retrieved 9 21, 2019, from Annual report.
Stiglic, N., & Viner, R. M. (2019). Effects of screentime on the health and well-being of children and
adolescents: a systematic review of reviews. BMJ open , 9 (1).