Corporate Governance

Running Head: CORPORATE GOVERNANCE
Corporate governance
Student’s Name
University Name
Author’s Note

2
CORPORATE GOVERNANCE
Sustainability is an essential component of the governance practices of the governance practices
of any organisation. It also provides the scope of positioning of the company in a positive
perception of their customers as well as other stakeholders. In this context, any integrated as well
as sustainable program can be a major solution of managing primary social economic as well as
environmental risks as well as seizing opportunities for introduction of new products, markets as
well as services for acquiring larger target markets.
The good business journey campaign of Woolworths had been launched in 2007 as a part of the
sustainability commitments of the organisation towards their stakeholders. Sustainability and
commitment has been the part of the journey of the organisation since 75 years. However, the
implementation of this good journey program is actually a strategy of providing security to the
customers that the company is operating a Virtuous cycle which will benefit all the stakeholders.
This campaign is the outcome of comprehensive as well as a systematic review of The strategies
used by the company in order to address sustainable growth within the challenging context of
social and environmental frames in South Africa. The agenda of the international retailers for
sustainable development has strongly impacted this program, along with the Global reporting
initiative guidelines.
Smart Governance of business issues is evident in the usage of the sustainability index of
Woolworths as a strategic Framework for this campaign. The sustainability index is a company
wide index implemented by the organisation which is customised for dealing with sustainability
issues that impact the international business of the organisation. There are more than 200 success
indicators that address challenges which the company might face in the upcoming 5 years in
regard of placement, priority acceleration, transformation, ensuring environmental focus,
addressing the climatic changes as well as driving social development. the primary focus of the