Corporate Governance and Risk Management.

Corporate Governance and Risk Management
Assessment 3
Name of the Student
Name of the University
Author’s Note

Table of Contents
Introduction......................................................................................................................................3
1. Overview of the organisation- what it does.................................................................................3
1a. How it promotes itself to shareholder and stakeholders........................................................3
2. The advertise values for the organisation....................................................................................4
3. The processes which the organisation adopts for the promotion, monitoring and review their
value commitments-explanation of any one aspect.........................................................................5
4. Reviewing the history of the company in the last 5 years...........................................................6
4a. Analyse how the company have achieved the commitments.................................................7
5. The fulfilment of the organisational commitments obtained through interview.........................8
6. Conclusion of the company’s integrity obtained through mini-audit..........................................8
7. Indication of the organisational integrity and organisational hypocrisy.....................................8
7a. Discussion of the key issues due to the hypocrisy of the commitments................................9
Conclusion.......................................................................................................................................9
8. Reference List............................................................................................................................10
Investors haul mining giant BHP over coals on “climate hypocrisy” at AGM.............................10

Introduction
The process of governance and risk management is referred to the coordinated strategy of the
company in order to manage the various issues related to the corporate governance and enterprise
management of risk. It also involves in the verification where the company is at par to the
corporate compliance in terms of the regulatory requirements. This allows the companies to able
to reach their objectives and also help them in addressing the uncertainty so that they can act
with integrity. It also allows the company to track the various activities through conducting
internal audits, compliance as well as risk and legalities which should be in-line with the
business.
1. Overview of the organisation- what it does
BHP Billiton is a known international company that deals with the natural resources that were
formed in the year 2001. The company was formed through a merger where the company BHP
Ltd merged with the organisation Billiton PLC (Bhp.com 2018). The initial Billion which was
also a known mining company founded in 1860 known for tin and lead smelting. The BHP
Billiton is known to be one of the largest companies that were involved in the mining and
production of iron, steel, aluminium, oil, steel silver and copper. The company is also known to
be involved in engineering and transportation. The company has its head office in Melbourne,
Australia. Initially, the company was named as Broken Hill who was involved in the mining of
rich silver, zinc and lead. Further, they also experiment with the smelting of iron followed by
iron and steel works. Additionally, the company also got involved in the transportation of the
finished products and transport of coal, limestone, BHP used to operate large ships. BHP had
several subsidiaries that were engaged in activities like wire production, the building of ships,
manufacturing of the ships, production of cement and bricks.
In 1954, BHP was also known to be involved with gas and petroleum. The company was found
to collaborate with the organisation Esso Exploration Australia, Inc. In addition, the company
was also found to collaborate with Utah International Inc. This was known to be a major
producer in the metallurgical coal in Australia. The company was especially specialised in the
holding of copper, steam coal and iron ore. In 2015 after the image of the company got affected

after the Bento Rodrigues tailing dam got collapsed. This was known to be one of the worst
environmental disasters which occurred in Minas Gerais of Brazil. This resulted in the severing
of some of the assets of Billiton which was later rebranded as South32.
1a. How it promotes itself to shareholder and stakeholders
The BHP Billiton company's promotion strategy can be categorized into certain factors:-
 Corporate interest
Like any business, the company BHP Billiton had put their interest beyond that of the country.
Since 1885, BHP Billiton was known to be one of the largest non-financial organisations in
Australia. Addition the company was known as the largest employer in the private sectors. The
company has its roots deeply rooted throughout the country of Australia. The type of business
adopted an operation and which involved various states and countries (Lewellyn and Logsdon
2016). The type of business activities which was conducted by the company has to lead to the
development of strong international contacts and bringing in close approximation to the
government, local, state as well as territories and federal. Besides, the company also has
contributed to the development of the society through donation in the governments, federal and
local organisation. Further, the company also contributed to the public purse through the
payment mining loyalties and income tax. In addition, increasing in the mining activities
performed by the organisation led to the development of the cities.
 Increase in the number of jobs
The company BHP with their increase in manufacturing firms and an increase in the cluster of
the downstream metal resulted in the generation of a large number of jobs. Further, the company
also provided products which could be utilised for the development of the infrastructure of the
city and defence.
 BHP Billiton's contribution to maintaining sustainable communities
The company takes several initiative and investment in terms of social responsibility. The
various steps which were adopted by the company varied from issues as well as stakeholder
spread all over the country. During the operation of the Company, they engage with the people in
the society in order to understand the activities of the company which has affected society. The