Corporate Governance at Telstra

This assignment examines the principles of corporate governance as applied to Telstra, a leading telecommunications company. Using Telstra's 2018 Annual Report, it analyzes their governance structures, stakeholder engagement, financial reporting, and overall performance. The report highlights key aspects of corporate governance, such as risk management, strategy formulation, and accountability, within the context of Telstra's operations.

Corporate Governance

Table of Contents
INTRODUCTION...........................................................................................................................1
CONCLUSION ...............................................................................................................................1

INTRODUCTION
Corporate governance is a system of corporate which defines its rules, policies, practices
and procedures on the basis of which an enterprise is controlled and directed. It mainly includes
balancing of the interest of several stakeholders of the company that involves shareholders,
customers, financiers, community, management executives and government. Corporate
governance facilitates the guidelines or framework for achieving the goal of an organization
effectively and efficiently. It encompasses each and every sphere of management practically
from the action plans and internal controls to measure the performance and material disclosures
relating to corporate. The present study is based on Telstra company, a leading technology and
telecommunications corporate, deals in wide range of communication services and provide for a
healthy competition in overall telecommunications market. It is involved in building and
operating telecommunication network, market voice, mobile, internet access as well as other
products and services. In the accounting year 2018, revenue and gross margin of the firm
accounts for $25667 and 52% respectively. Furthermore, the study includes Annual report of the
company for the year 2018 in which all the details in relation to their business, governance,
chairman, strategies, risk and the staff are described. Moreover, it also throws deep insights on
formulation of its financial reports where income statement, balance sheet and cash flow
statement is been shown.
CONCLUSION
From the above report it can be concluded that, Corporate governance is very crucial for an
organization in developing effective strategies for efficient market functioning. It is intended for
increasing the company's accountability and to avoid the occurrence of massive disasters. The
purpose of corporate is to achieve long term success in the future and a strong connected future
for all the people. The preparation of the financial report is important for knowing the financial
position and the performance of the company and thereby assists investors in decision making.
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