Flexigroup - Corporate Governance

Ethics and Governance
System

FLEXIGROUP – CORPORATE GOVERNANCE 1
Executive summary
Flexigroup limited is one of the biggest organization operates in Australia and NZ. The
company provides finance solution across many countries. This report will cover the notion of
Ethics and governance.
In addition, the scope of the report provides a review of the corporate governance with
the case study of Flexi group. The reason for the report is to understand how Flexigroup operate
its corporate governance with the implementation of the theory. The outcome of the report is
why an organization has to follow social guidelines and provide disclosures to society and
maintain the ethical framework in order to sustain for the long term.

FLEXIGROUP – CORPORATE GOVERNANCE 2
Contents
Introduction.................................................................................................................................................3
Summarization of the Flexigroup............................................................................................................3
Corporate governance of Flexigroup.......................................................................................................5
Board composition and ratio if the independence and non-independence directors.............................5
Report of the chairperson and CEO.....................................................................................................5
Remuneration report............................................................................................................................6
Board orientation.....................................................................................................................................7
Flexigroup’s communication policy and Legitimacy theory..................................................................11
Conclusion.................................................................................................................................................13
Bibliography..............................................................................................................................................14

FLEXIGROUP – CORPORATE GOVERNANCE 3
Introduction
Ethics and governance is an important aspect for any organization and ethical framework
of any organization decides that how an organization serves itself amongst the society and
operates with legal obligations or not (Kumar, 2016). Every organization has to maintain and
ensure that its leaders or directors act with the company’s obligations and plays rolls and
responsibility ethically. These two are different components yet assumed to be the same.
The structure of corporate administration indicates that the others partaking in the
association, for example, the board administrators, top managerial staff, investors and different
partners must be furnished with certain rights and duties. Corporate administration enables the
association to accomplish the objectives and targets of an association in an ideal way (Ferrell,
2016).
Summarization of the Flexigroup
In the 1988 David Berkman and Andrew Abercrombie started a business with simple
least products and offered through office equipment products. Later in 1995 Harvey trialed
expands all of Flexirent nationally. The group introduced its consumer lease products and makes
a new business relationship with Apple and Noel Leeming in New Zealand in 1997 (Flexigroup,
2019).
In 2003 experienced CEO employed the professional management team to support the
business and make it ready for the public listing and as a result in 2006 the company listed in
ASX. At that time its chairman was Margaret Jackson. Currently, the company is providing
financial products to its clients and through the retail and partners network. The company
basically operates in financial services. The financial industry basically incorporates a wide area