Ethics and governance Ethics and governance Executive Summary Qantas

ETHICS AND
GOVERNANCE

Executive Summary
The report brings out a discussion on corporate governance and its related theories. The
company focuses on communicating to the stakeholders by making public statements. Qantas
has been listed on ASX that will comply with relevant disclosures of ASX provisions
regarding disclosures. The company is committed regarding the facilitation of effective
communication to the shareholders and membership at the Annual general meetings. One has
to optimise the shareholders by regulating and engaging best practises in obtaining
competitive advantage. The report comes up with introduction of the company “Qantas.”
Further, it brings out the composition of board, CEO, chairperson, and independent directors
in executing corporate governance. Further, there is a board orientation describing roles and
responsibilities of directors and independent executive administrators. The annual report
evaluations the interpretation of the organisation communication by using legitimacy theory.

Contents
Introduction to the organisation.................................................................................................3
Summary of corporate governance............................................................................................4
Board orientation of Qantas.......................................................................................................6
Interpretation of company communications using Legitimacy Theory...................................10
References................................................................................................................................12

Introduction to the organisation
Qantas is emblem carrier of Australia where it is the principal airline by the fleet size,
international destination, and international flights. Qantas was founded in 1920. Qantas is the
founding member of American Airlines, Cathay pacific, and British Airways. Qantas has 65
percent of Australian national market and it carries 14.9 percent of customers travelling in the
world. Currently, Qantas owns Jetstar Airways, which operates in both domestic business and
international business in New Zealand and Australia. In 2017, the company has an employee
base of 26,150 people (Qantas annual report 2019, 2019). Qantas currently connects to nearly
81 destinations in 40 nations. The company operates in several regional airlines in
maintaining several number of alliances, which carry 30 million people in car. As far as the
history is concerned, Qantas has teamed with the Australian post in the acquisition of star
roadway express that is a 30-year-old cargo shipper. By investing $50 million in Jetstar Asia,
Qantas has been looking outside the Australia to maintain its stake consolidation in global
aviation industry. The company has faced the challenge of accomplishing the privatisation. In
2007, Qantas conducts trial of the mobile phones with aero mobile facilities during the
national services on Boeing. In 2015, Qantas has agreed to have a deal with American cabled
link by availing them over 120 hours of the T.V. programmes with in-flight from the links,
which has been updated monthly and original lifestyle with the entertainment programming
from National Geographical Channel (Qantas annual report 2019, 2019). Qantas operates
under the Aviation trade.
The aviation sector avails total 62.7 million jobs in the world. The aviation industry
underpins Australian tourism with the estimated proceeds of $43.54 billion with addition to
$15.91 billion to the Australian economic conditions. The aviation sector continues to
upsurge with an aim to foresee future, which benefits both Australia and other markets.
Increasing figure of individuals living in Australia are born in foreign, which are further