Corporate Governance and Ethics - Woolworth Groups

Corporate Governance
and Ethics

Contents
INTRODUCTION...........................................................................................................................3
TASK 1: Board Committee.............................................................................................................3
1.Examine the annual report and inclusive remuneration report of Woolworth Groups.......3
2.Describe the various board committees...............................................................................3
3.Explain the company’s remuneration policy. Clarify the relationship between remuneration
and board performance and how it is aligned to the creation of value for shareholders........4
TASK 2: Shareholder & Stakeholder..............................................................................................4
1.Examine the annual report and sustainability report of Woolworth Groups.......................4
2.Identify various stakeholders and discuss how their interests might impact on the selected
company.................................................................................................................................5
3.What considerations would you recommend the board of directors to take with these
stakeholders............................................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Corporate governance is a set of rules, measures as well as the various practices which helps
in detailing the fact as to how the company needs to be controlled and directed. Primarily it takes
care of the balancing of firm’s individuals such as their shareholders, financiers, suppliers,
stakeholders, customers, etc. moreover, by the way of outlining of corporate governance the
effective attainment of the company’s objectives can also be ensured. It also aids in
encompassing the each and every domain of the management starting from action plans to
internal controls (Ajili & Bouri, (2018)). The following report is going to examine the various
questions mainly with respect to the Woolworth Groups such its annual report as well as the
remuneration reports. It also entails information regarding the remuneration policy of the
company along with its relationship between remuneration and board performance. Further the
other question ascertains the stakeholder and details as to how their interests are impacted.
TASK 1: Board Committee
1.Examine the annual report and inclusive remuneration report of Woolworth Groups.
The board of directors of the company reviews that remuneration framework is very import
and it has successfully identified the opportunities for strengthening the performance measure for
simplifying the objectives and to comply with the requirements of the company and to satisfy the
directors and the committee members. The disruption of Covid – 19 has causes the firm and
announced the investment of the launch of healthy Life and Pet Culture. The transition of
remuneration arrangements of the executives and give the growth of the shareholders’ value in
the organisation. It helps in delivering the value to the shareholders and helps in creating more
experience for making the future of the company better (Argento and et.al. (2019)).
2.Describe the various board committees.
1. Remuneration Committee: The committee is formed for the managing the terms and
conditions for the appoin5tment for the director’s remuneration. It is based on the
recommended that the company has made the policy of paying it, through the package of
remuneration in terms of salary, benefit, commission, perquisites and many more.