Corporate Governance Sustainability and Ethics | Report

Corporate Governance Sustainability and Ethics 1
Corporate Governance Sustainability and Ethics
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Corporate Governance Sustainability and Ethics 2
Part A
The company we selected for this task is the Retail Food Group (RFG).
Group report plan
1) Company’s Governance structure
This section deals with the leadership of the RFG from the senior most leaders to the
junior employees and their roles in the organization. This section also deals with how the
governance structure functions to ensure the company is successful in its operation.
2) What policies does RFG have to address the following areas?
1. Discrimination. This section deals with the policies that RFG has put in place to
address discrimination and promote equity in the company.
2. Exploitation. This section deals with the policies that RFG follows to ensure their
employees do not feel exploited but motivated to work and serve RCG.
3. Corruption. In this section, the policies and processes that are concerned with the
prevention of corruption are looked at.
4. Dishonest and Fraudulent behaviour. In this section the policies that prevent
dishonesty and fraud among employees are tackled.
5. Protections for whistleblowers. This section handles the various measures that
have been put in place to promote whistle blowing and prevent victimization of
whistle blowers.
The section on policies of the Retail Food Group also shows how the policies are
enforced and how the policies are enforced.
3) Company’s stated values
This section outlines the company’s values in which the employees and management are
required to comply during their line of duty in the organization. The section also shows if the
stated values are followed in the organization.

Corporate Governance Sustainability and Ethics 3
Part B
Introduction
Retail Food Group Limited (RFG) is a food and beverage company that has spread
globally its global headquarters in Queensland, Australia (Food Group, 2020). RFG is the
largest multi –brand retail food franchise in Australia. RFG owns various companies such as
Brumby bakeries, Gloria Jean’s coffee, and Donut King among others (Food Group, 2020).
RFG is located in over a thousand locations both in New Zealand and Australia. RFG is a
public company.
Governance structure
Retail Food Group is governed by a board of directors which formulates the
company's strategy and setting of the company's financial goals (Food Group, 2020). The
board of directors is also appoints the executive management and monitors the
implementation of the company's strategy. The board of directors is led by a chairman who
reviews the performance of the Retail Food Group annually (Food Group, 2020). Retail Food
Group also has a secretary who consists of the company's governance structure. The company
secretary is accountable to the board through Chairman of the board. The secretary is
responsible for monitoring and ensuring that the company's charter is adhered to and drafting
of the meetings of both the board of directors and committees.
Directors also consist of Retail Food Group governance structure. Directors are
responsible for the oversight of the daily operations of the RFG (Food Group, 2020). The
board also constituted various committees to aid in the governance of the RFG Company.
There is also the Chief Executive Officer. The CEO’s role is the implementation of the
company's strategy and oversight of the directors to ensure they are implementing the
strategy of the company. The first committee is the Audit and Risk Management Committee
charter. The function of the Audit Risk Committee is to monitor corporate risk assessment