Corporate Governance Assesment Review

Running head: CORPORATE GOVERNANCE PRACTICES
Corporate Governance Practices
Name of the Student:
Name of the University:
Author’s Note:

CORPORATE GOVERNANCE1
Table of Contents
Part A.........................................................................................................................................2
Question 1..................................................................................................................................2
Corporate Governance Strategies and Policies......................................................................2
Question 2..................................................................................................................................3
Coporate Governance Indicators............................................................................................3
Question 3..................................................................................................................................4
Coporate Governance Practices and Policies.........................................................................4
Part B..........................................................................................................................................4
References................................................................................................................................10

CORPORATE GOVERNANCE2
Part A
Question 1
Corporate Governance Strategies and Policies
National Australia Bank (NAB)
The corporate governance policies that has been followed by the NAB whereby it
discloses its corporate governance principles, strategies, practices and policies in the annual
report under the head corporate governance. The report states that the group’s corporate
governance has evolved over the years due to the consistent improvements. The NAB is
compliance with the third edition whereby the stated principles of the ASX Corporate
Governance Principles and Recommendations, which are mentioned in NAB’s 2019
Corporate Governance Statement and Appendix; these are also mentioned separately under
the section of corporate governance in the NAB official website (Tricker and Tricker 2015).
Followed by a brief discussion on the board’s responsibilities and performances, where the
duty and authority of the members are discussed. It also discusses about the constituency of
the board and key persons in the management under the head Board Renewal. Lastly, it
focuses on shareholders engagement, the medium through which the company communicate
with them (Starbuck 2014). The company constitutes twelve directors in total of which ten
are appointed as non-executive directors and independent. Mr Andrew Thorburn and Mr Ross
McEwan are the CEOs of the company (Nab.com.au, 2020). Mr Thorburn was appointed as
the director for the company from Aug 2014 to Feb 2019 with an experience of more than 32
years in banking sector. Mr Ross McEwan had an experience of 30 and more years in finance
investment industries and was appointed as the group’s CEO and managing director effective
from December 2019 (McCahery, Sautner and Starks 2016).

CORPORATE GOVERNANCE3
Bank of Queensland (BOQ)
The Bank of Queensland discloses its corporate governance strategies policies and
practices on its official site under the about us section. Corporate governance of the bank is
explained in a systematic way; where all the details mentioned under respective heads. It
discloses the constitution of the bank, different committee and polices it adheres with. The
company has nine board of directors in all, of which seven are non-executive officers. Patrick
Allaway was appointed as the chairman of the group on 18th October 2019.
Question 2
Coporate Governance Indicators
a) The board size of the NAB is around which consist of nine independent non-executive
directors (that consist of chairman and one executive director) and the Group CEO. On the
other hand the board size of BOQ is around 11 whereby the board has around 9 directors,
whereby 8 of them were independent Non-Executive Directors and the MD&CEO (Knudsen,
Moon and Slager 2015).
b) The non-executive directors in NAB is around 9 out of the total board size of 10 stating
around 90% of the proportion. On the other hand, in the case of BOQ the total number of
non-executive directors is around 8 out of the total board size of 11 stating around 73%
(Boq.com.au, 2019).
c) In both the company he percentage of independent executive director is around 100%.
d) National Australia Bank:
Chief Executive Officer: Andrew Thorburn
Chairman: Ken Henry
Bank of Queensland: