Corporate Governance and Ethics - AMP Company Case Study
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Added on 2023/06/10
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This case study analyzes the corporate governance and ethics practices of AMP Company, including its eight principles and recommendations for improvement. It also discusses the impact of corporate governance on the company's strengths and weaknesses and provides recommendations for improvement.
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Table of Contents MAIN BODY................................................................................................................................3 Determine thecorporate governancein link toeightprinciplesandrecommendations of this.........................................................................................................................................3 How impacting strength and weaknesses is the corporate governance of the company -4 Recommendation in order to improve the strength of the company -..................................5 References:.......................................................................................................................................5
MAIN BODY Determine thecorporate governance in link to eight principles and recommendations of this. In extent of AMP company its key governance arrangementand practicesfor the accounting year endings.Moreover , they adapts a practices of fourth editionof Auatralian securities exchange(Kovermann, and Velte, 2019). Its Ceo Alexis george constantly accelrate its culturaltransformation and effortsa respetfuland inclusive organisation via initiatives consistingfor reasons , activity andcreativitelearning sessions for manager leveland empowering its capabilitiescode ofconductansuncrtianitymanagementrules.Its8 principles are listed in below - 1.lay concreteartefactfor governance and supervision -A listedsystem mustclearly delineate the respective dutiesof its seniors ones along with that they also analyse the persons activities bby lloking out its day to day activity. 2.System the board to be impressive and add values - The seniors of top rated company must be an accurate volume as well as they have the ability, commitments and education of the company. 3.Adapating culture -A resgistered business mustfollow aconstantlychnaging trends across the company of acting lawfully and responsibly. 4.Secured reporting -AMPmust have accurateprocedure of derterminingthe initigrity of its concern reports. 5.Making decisions -AMPshould make timely and balanceddecisions of all the issues concerting it that an appropriate pricing for its seurity. 6.Respect the rights of investors – theAMPmust haveits investors with an accurate details and services to permit them to react their rights as security impactfully. 7.Analyse and manage uncertainity -AAMPmust introduce asound uncerataonity a sound management . 8.Remunerate appropriately –the considerAMP mustpaymanagerremuneration enough to influenceand reatin high perfoemedmanagersand designesits executives remuneration in order to motivate them . It is recommended from above report that AMP must adapts a remineration approach In order to make the working moreatively andhappily. Along withthat they canalsoattainthe company goals.
How impacting strength and weaknesses is the corporate governance of the company - It is a part of legal system as thecurrent policies impliesto accountingduration initially afterthatregularoperational managementof an industryby full timeexecutives. Corporate governance is the systemby which anAMPare controlled,and managed. Top level management is responsible for the governance of their companies. It positive capbilities are its culture and operations that is being done by them in order to attain a goals by providing a good services to theclients. Its negative aspectas It working invast areas and deals in varied products so it is typical to focus on all sections. Recommendation in order to improve the strength of the company - In order to improve the company performance AMP mustmoveforwrads towards the digitalisation to connect with the customers and clinets in order to make them a loyal customer of business as they must focus in incresing wealth system of an orgsnisation. This directly hit the company performance and raised the brand value(Jiang, and Kim, ., 2020). References: Books and Journals Greuning, H.V. and Brajovic-Bratanovic, S., 2022. Analyzing banking risk: a framework for assessing corporate governance and risk management. Jiang, F. and Kim, K.A., 2020. Corporate governance in China: A survey.Review of Finance, 24(4), pp.733-772. Kovermann, J. and Velte, P., 2019. The impact of corporate governance on corporate tax avoidance—A literature review.Journal of International Accounting, Auditing and Taxation,36, p.100270.