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Sports Direct Corporate Governance Analysis

   

Added on  2020-01-16

10 Pages2796 Words177 Views
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Corporate Responsibility1
Sports Direct Corporate Governance Analysis_1

Table of ContentsINTRODUCTION...........................................................................................................................3(a) Current approach to corporate governance and UK governance code ..................................3(c) The organization system and processes for its management of business ethics.....................5CONCLUSION................................................................................................................................8REFERENCES ...............................................................................................................................92
Sports Direct Corporate Governance Analysis_2

INTRODUCTIONIn the present environment, organisations are required to meet their responsibilitiesregarding legal, economical and ethical consideration that support them to sustain in the industry.Corporate responsibility is the key approach or practice which mainly involves activities thatsupport the community and their shareholders (Walker-Said and Kelly, 2015). For the presentethical audit report, the selected organisation is Sport Direct Company which is the leadingBritish retailer that deals in offering products related with sport goods. Along with this, reportwill focuses on understanding the current preposition of corporate governance within theorganisation. While, it also critically appraise the system and processes of the organisation sothat they can manage the business ethics. (a) Current approach to corporate governance and UK governance code Sport Direct Company is one of the leading UK retailer that deals in offering range ofproducts related with sports, fitness, fashion etc. the cited firm mainly concentrate on thecorporate responsibility practices through focusing on areas like people, health and safety,environment, customers and community (Kamal and El-Masry, 2016). Corporate governance isan effective mechanism as well as system of practices through which company is been directedand controlled by their directors. It also includes levelling the interest of different stakeholders sothat they can satisfy their requirement. In order to present corporate responsibility, UKgovernment focuses on framing the governance structure with the code and regulation whose keyaim is to facilitate the activities related with effective management within the organisation so thatthey can easily attain the long terms success (Hillenbrand, Money and Ghobadian, 2013). UKgovernment emphasizes on the key principles of code that need to be implied within theorganisation so that staff may engage in the performance of ethical activities. The foremost principle within the corporate governance includes leadership i.e. companymust be directed by effective board that have their clear section of their responsibilities that needto be followed (Denis, 2016). So, that company may easily attain the long term success.According with this principle of leadership, the current approach to corporate governance withinSport Direct Company ensures effective board that consists of chairman and different executivedirectors Whose key responsibility is to ensure delegation of leadership to the management so3
Sports Direct Corporate Governance Analysis_3

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