Ethics and Governance

Running head: ETHICS AND GOVERNANCE
Ethics and Governance
Name of the Student:
Name of the University:
Author’s Note

ETHICS AND GOVERNANCE
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Executive Summary
The focus of the assessment is to formulate an appropriate strategy which can be used by a
business to manage the Corporate Governance framework in a business. The company which is
selected for analysis is Oz Minerals so that it can estimated whether the business has efficient
corporate governance framework for supporting the activities of the business. The management
of OZ Minerals is dedicated towards maintaining sustainability practices in the business. The
discussion would be covering composition of the board of directors of the business. The
discussion would also showing application of legitimacy theory in the case of OZ minerals ltd.
Table of Contents

ETHICS AND GOVERNANCE
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Introduction......................................................................................................................................3
Discussion........................................................................................................................................5
Corporate Governance of OZ Minerals.......................................................................................5
Board Orientation........................................................................................................................8
Application of Legitimacy Theory............................................................................................11
Conclusion.....................................................................................................................................12
Reference.......................................................................................................................................13

ETHICS AND GOVERNANCE
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Introduction
The main purpose of the assessment is to analyse the case of Oz Minerals ltd which is
engaged in the business of supplying materials and mining in Australia. The focus of the
assessment is on the relevant activities which are undertaken by the business for the purpose of
generation of revenue and also meeting the compliance requirement in the industry. The
discussion would then be proceeding with the framework of governance which is adhered by the
senior managers of Oz Minerals ltd in order to ensure that there is control in managing the
activities of the business (Tricker & Tricker, 2015). The discussion would also be applying
appropriate theory in order to show the dedication of the business towards appropriate
governance practices in the business.
Corporate Governance refers to a set of guidelines which are established by the
management in order to ensure that work process is efficiently conducted and the business is able
to meet all the statutory requirements in the business. The corporate governance practices of a
business are considered to be important as the same keeps the employees in line and directs them
to contribute to the goals and objectives of the business. The application of legitimacy theory is
shown in the discussion with respect to the organization. The role of the board of directors in
maintaining governance in the business are appropriately shown in the discussion which is
shown below.
Background of the Company
OZ Minerals is a company which is engaged in Mining Sector operating in Australia and
the company is also listed under Australian Stock Exchange. The company is known for its
mining services and was originally formed due a merger agreement between Oxiana Ltd and
Zinifex in the year 2008. The company has extensive operations in significant location such as